STOCK MARKET BSE NSE

Nabard Sanctions Rs 280 Cr for Rural Infra Plans

Published: 27th February 2015 06:24 AM  |   Last Updated: 27th February 2015 06:24 AM   |  A+A-

BHUBANESWAR:  Nabard has sanctioned `280.92 crore for critical infrastructure projects in rural areas of Odisha.

The sanctioned amount will fund 31 flood protection and irrigation system improvement projects involving  `229.50 crore and 5,124 minor irrigation projects including 5,000 borewells, 79 river lift and 45 tube wells involving `51.42 crore. These irrigation projects envisage to create, stabilise and develop an irrigation potential of 79,422 hectare (ha) in the State.

With the fresh sanction under Rural Infrastructure Development Fund (RIDF) Tranche XX (2014-15), the total amount sanctioned to the State Government during the year by Nabard has gone up to `2,265.13 crore with focus on irrigation, rural connectivity through roads and bridges, fisheries and animal husbandry.

Further, Nabard has sanctioned `21.95 crore towards construction of 41 godowns and warehouses of 300 mt to 1,000 mt capacity 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 products of the State.

The cumulative sanction by Nabard under RIDF has gone up to `11,608 crore for implementing more than 1.97 lakh projects under various sectors.



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