The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs. 127.40 crore as loan assistance to the State government under RIDF (Rural Infrastructure Development Fund) XVIII for 88 road projects and three bridge projects, among others, in different districts.
The construction of 88 ayacut road projects and three bridge projects will be taken up by Water Resources Department (Rs. 38.84 crore), 199 rural road and two bridge projects by Rural Development and Panchayat Raj Department (Rs. 59.16 crore), five rural road and two bridge projects by Public Works Department (Rs. 5.32 crore), 10 rural road and two bridge projects by Tourism Department (Rs. 10.37 crore) and 66 minor irrigation projects by Minor Irrigation Department (Rs. 13.71 crore), a statement said.
These projects were sanctioned under the Rural Infrastructure Development Fund (RIDF XVIII) by the Project Sanctioning Committee at its meeting held a few days ago. With these sanctions, the cumulative sanction to the State under RIDF XVIII has reached Rs. 602.15 crore.
The assistance extended for construction of 512.99 km of roads and 270 metres of rural bridge projects is expected to benefit over 8,12,000 rural people in the 30 districts of the State.
The road and bridge projects will connect 841 villages with 360 marketing centres and generate non-recurring employment to the tune of four million man days and recurring employment of 407 jobs per year, NABARD said.
The sanction of 66 minor irrigation projects in nine districts would benefit 1,178.07 hectares of land by way of groundwater recharge, increased storage and restoration of command area, among others.