NABARD aid for rural projects swells to ₹ 395 crore
The Hindu
The National Bank for Agriculture and Rural Development (NABARD) has so far sanctioned a cumulative amount of ₹395 crore for 69 projects under the Rural Infrastructure Development Fund (RIDF) segment.
The National Bank for Agriculture and Rural Development (NABARD) has so far sanctioned a cumulative amount of ₹395 crore for 69 projects under the Rural Infrastructure Development Fund (RIDF) segment. Of the 69 projects, 25 have been completed with the sanctioned funds. Forty four projects are on-going involving RIDF loan of ₹234 crore, of which ₹84 crore has been released, a NABARD official said. The RIDF loans cover various vital rural infrastructure projects, like rural roads and bridges, irrigation, schools and drinking water. Though the fund was set up during 1995-96 with the objective of providing low cost fund support to the State/Union Territories to facilitate quick completion of on-going rural infrastructure projects, it was only later that the Union Territory of Puducherry got on board.
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