STOCK MARKET BSE NSE

NABARD Sanctions Rs 302.87 Crore for Odisha

National Bank for Agriculture nd Rural Development has sanctioned Rs 302.87 crore for rural infrastructure and warehousing in Odisha.

Published: 27th February 2015 12:38 AM  |   Last Updated: 27th February 2015 12:38 AM   |  A+A-

By PTI

BHUBANESWAR: National Bank for Agriculture nd Rural Development (NABARD) has sanctioned Rs 302.87 crore for rural infrastructure and warehousing in Odisha.

While Rs 280.92 crore were sanctioned for rural infrastructure, an amount of Rs 21.95 crore was sanctioned for warehousing.

The amount was sanctioned under the agency's Rural Infrastructure Development Fund (RIDF).

NABARD has given up to Rs 2,265.13 crore under RIDF Tranche XX for creation of infrastructure in various sectors such as irrigation, rural connectivity (roads & bridges), fisheries, animal husbandry and others.

The present sanction includes 31 flood protection/irrigation system improvement projects involving an assistance of Rs 229.50 crore and 5,124 minor irrigation projects (5,000 bore wells, 79 river lifts, 45 tube wells involving an assistance of Rs 51.42 crore).

These irrigation projects envisage to create/stabilise/ develop an irrigation potential of 79,422hectares in Odisha.

Cumulatively since inception of RIDF, NABARD has sanctioned Rs 11,608 crore to Odisha for implementing more than 1.97 lakh projects under various sectors such as irrigation, rural connectivity, animal husbandry, infrastructure development, jetties/passenger waiting halls for inland waterway transport and rural drinking water supply system.

With an objective of development of warehousing facilities in 41 Primary Agriculture Credit Societies (PACS), NABARD has sanctioned Rs 21.95 crore towards construction of 41 godowns/warehouses of capacities ranging from 300 MT to 1,000 MT in 10 districts of the state under Warehouse Infrastructure Fund (WIF): 2014-15.

These projects envisage creation of additional storage capacity of 17,300 MT which could be used in storage of agriculture produces of the state.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp