Nabard sanctions Rs 653 cr assistance under RIDF

National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 652.70 crore to the state government under the Rural Infrastructure Development Fund (RIDF) 21st tranche for 2015-16.

With the new sanctions, Nabard's cumulative sanctions to the state now stand at Rs 12648 crore for implementing 1.98 lakh projects in various sectors such as irrigation, rural connectivity, animal husbandry, infrastructure development, jetties and passenger waiting halls for inland waterway transport and rural drinking water supply.

It includes funding for 11 rural roads and one rural bridge project involving assistance of Rs 234.08 crore aimed to create and develop additional road length of 197.94 km and bridge length of 155 mtr in the state. Supporting the state government's Biju Setu Yojana, Nabard has sanctioned Rs 284 crore assistance for construction of 102 bridges. The fresh RIDF assistance also included 23 flood protection projects involving assistance of Rs 114.73 crore and Rs 19.89 croe for 154 lift irrigation projects (tube well & river lift) under Biju Krishak Vikas Yojana (BKVY).
 

"These irrigation projects envisage to create, stabilize and develop irrigation potential of 84952 hectares (ha) while under BKVY, 3432 ha will be brought under assured irrigation", said a Nabard release. The sanctions were approved at a meeting held recently at Nabard's head office in Mumbai.