Nabard sanctions RIDF loan of Rs 100 cr to Punjab govt

Image
Press Trust of India Chandigarh
Last Updated : Nov 03 2016 | 7:48 PM IST
Nabard has sanctioned Rural Infrastructure Development Fund (RIDF) loan of Rs 100 crore to the Punjab government for laying of 1,013.40 km long underground pipeline system for conveyance of irrigation water in canal commands in 11 districts of the state.
The underground pipes shall be of RCC and high-density Polyethylene (HPDE)/PVC that are best suited for waterlogged areas as they are not only extremely tough and durable but are also resistant to salinity/alkalinity, an official spokesman said here today.
The project, on completion, will benefit 32,992 hectares land of 297 villages besides creating 5.27 lakh man days of non-recurring employment and 2,613 recurring jobs per annum.
The project covers worst affected salinity/alkalinity prevalent waterlogged areas of Barnala, Bathinda, Faridkot, Fatehgarh Sahib, Fazilka, Ferozepur, Mansa, Moga, Muktsar, Patiala and Sangrur, the spokesman said.
"This intervention will help in attaining optimum crop yields in these ecologically handicapped areas," he said.
Beneficiary farmers shall contribute 10 per cent of total cost, he said adding the completed projects shall be handed over to the Water User Associations (WUA) of the beneficiary farmers.
The WUAs shall be responsible for the operation and maintenance and the expenditure shall be met out of Water Use Charges collected regularly by the WUAs.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 03 2016 | 7:48 PM IST

Next Story