NABARD sanctions loan to Rajasthan government for rural infrastructure development
DSIJ Intelligence / 21 Aug 2017
National Bank of Agriculture and Rural Development (NABARD) has sanctioned a loan assistance of Rs 1,349.55 crores to the Rajasthan government under the Rural Infrastructure Development Fund (RIDF).
To help create rural infrastructure across Rajasthan, the National Bank of Agriculture and Rural Development (NABARD) has sanctioned a loan assistance of Rs 1,349.55 crores to the Rajasthan government under the Rural Infrastructure Development Fund (RIDF).
The sanction includes assistance for construction of two rural drinking water supply projects, strengthening and rehabilitation of 1,614 rural roads and modernisation of three major irrigation projects, a NABARD spokesperson was quoted in a news report. An amount of Rs 599.84 crores has been sanctioned for rehabilitation of 1,614 roads, covering all the 33 districts of Rajasthan; Rs 469.54 crore for providing potable water to population of 419 villages of Jalore district; and Rs 280.17 crore for rehabilitation and modernisation of three major irrigation projects located in Udaipur, Banswara and Dungarpur districts.
Meanwhile, Prime Minister Narendra Modi will inaugurate and lay the foundation stone for the Rs 15,000 crore national highways project in Rajasthan during his visit on August 29.
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