National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs. 226 crore for Punjab and Rs. 98.32 crore for Haryana under Rural Infrastructure Development Fund (RIDF).
For Punjab, NABARD has sanctioned two projects for undertaking minor irrigation and command area development and water management. The Minor Irrigation project envisages installation of 280 Deep Tubewells for the purpose of Irrigation in Kandi Area of Punjab, said an official release.
On completion of Minor Irrigation project, a total area of 14000 ha of dryland in Kandi area spread over seven districts Gurdaspur, Hoshiarpur, SAS Nagar, Fategarh Sahib, Sangrur and Sahid Bhagat Singh Nagar (Nawansaher) is expected to be brought under assured irrigation, it said.
With this sanction, the cumulative sanction to Punjab State under RIDF reaches the level of Rs. 3813.32 crore.
For Haryana, NABARD has sanctioned loan for 28 irrigation works for better water management and increasing intensity of irrigation. The project implementation is expected to benefit 0.43 lakh ha and generate about 18.05 lakh mandays of non recurring employment and around 1998 mandays recurring employment on completion, it said.
With this sanction, NABARD has sanctioned RIDF loan of Rs.343.37 crore till date during 2009—10. The total RIDF assistance sanctioned to the Haryana under RIDF, since inception of RIDF in 1995—96, has now reached at Rs.2421.03 crore, it said.
