NABARD SANCTIONS LOAN FOR DEVELOPMENT OF IRRIGATION TO ODISHA
Bhubaneswar:
National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 372.51 crore loan assistance under the Rural Infrastructure Development Fund (RIDF) to Odisha towards irrigation and rural bridge projects for the last quarter of this fiscal.
A total number of 17,322 lift irrigation projects including bore wells, shallow tube wells, digging wells, micro river lifts shall be taken up with Rs 130.17 crore from the assistance, the bank said in a release here today.
This will provide assured irrigation to about 36,440 hectares of agricultural land directly benefiting about 40,000 farmers of our state.
Apart from this , NABARD has also sanctioned Fourteen Rural Bridge Projects under Biju Setu Yojana with RIDF loan assistance of Rs 242.34 crore which would add 6222.89 metres of bridge length, benefiting about 4.56 lakh population in 322 villages of the state, it said.
Since inception of RIDF in 1995-96, NABARD has sanctioned cumulative financial assistance of about Rs 19,950 crore to Odisha resulting in implementation of about 2.24 lakh projects, a bank official said.
