Khattar urges NABARD to release funds liberally for solar proj

Haryana Chief Minister Manohar Lal Khattar has urged National Bank for Agriculture and Rural Development (NABARD) to release funds liberally for 'Saurya Urja Nigam (SUN) Haryana Limited', being formed for setting up of solar parks in the state.
Khattar made this request during a meeting with Chief General Manager NABARD, P C Chaudhri, who called on him here today, an official release said.
The 'SUN' Haryana Limited, is being formed jointly by Haryana State Industrial and Infrastructure Corporation and Haryana Power Generation Corporation Limited to tap the opportunity and potential of the solar power sector.
The joint venture would identify suitable pockets of land for setting up of solar park.

Chaudhri said that NABARD would provide adequate funds for setting up of solar projects in the state.
He apprised the Chief Minister that recently NABARD has also sanctioned a loan of Rs 81 crore to the HSIIDC for creation of Mega Food Park at Industrial Estate Barhi in Sonepat district.

In addition, they have also provided loan of Rs 500 crore to Haryana State Warehousing Development Corporation for procurement of paddy during the current financial year.
Under Rural Infrastructure Development Fund (RIDF) assistance, NABARD has released Rs 107 crore to various departments of the state.
Besides, it has sanctioned RIDF assistance to Haryana for 3,633 projects in various sectors involving an amount of about Rs 5,000 crore.

The Chief Minister also reviewed the financial position of cooperative banking sectors functioning in the state.
Haryana's Minister of State for Cooperation, Bikram Singh Yadav said that financial position of District Cooperative Banks as well as Haryana State Cooperative Agricultural Rural Development Bank is being improved.
"The recovery of loans during last 10 years was almost zero which is being improved with the consistent efforts of the present government. After a gap of many years, it is for the first time that the banks have deposited last loan installment to NABARD at their own level.
"The next installment of loan would also be deposited by the banks itself," Yadav said, according to the release.