The Centre has sanctioned Rs 730 crore in grant and a long-term loan of Rs 1484.39 crore for building the canal network for the Sardar Sarovar dam in Gujarat, deputy Chief Minister Saurabh Patel said today.
Though the construction of one of the biggest dams in the country on the Narmada river had already been completed, the work on its canal network for distribution of water is still pending.
"The Centre has sanctioned a grant of Rs 730 crore for building the canal network for the Sardar Sarovar dam for year 2018-19 under an irrigation scheme," Patel told reporters in Gandhinagar.
He said the Centre had also sanctioned a long-term loan of Rs 1484.39 crore at the rate of six per cent from the Long Term Irrigation Fund (LTIF), which has been created to finance 99 priority irrigation schemes in the country.
"This will help in early completion of building the canal network for the dam," Patel said.
Besides irrigation, the water will be used for drinking purpose, he said.
The water level of the dam has reached 120 metres so far this monsoon, 18 metres short of its entire height.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
