NABARD sanctions 205 crore loan to Haryana

September 05, 2016 12:00 am | Updated September 22, 2016 05:17 pm IST - CHANDIGARH:

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs. 204.67 crore under the Rural Infrastructure Development Fund (RIDF) for rural infrastructure in Haryana.

Stating this here on Sunday, a spokesman said of the total loan sanctioned, Rs. 147.18 crore has been sanctioned to the State Government under the 22nd Tranche of RIDF for 2016-17 for construction of three rural bridges, construction and upgradation of 26 rural roads in 10 districts namely Ambala, Faridabad, Gurgaon, Hisar, Jind, Karnal, Mahendergarh, Panchkula, Rewari and Yamunanagar, and Rs. 57.49 crore for a 10 MW photo voltaic solar power plant at the Panipat Thermal Power Station (PTPS), Panipat.

He said the aggregate length of the proposed three rural bridges is 329.20 metres and that of proposed 26 rural roads in 10 districts is 184.78 km.

The project aims at improving facilities in the field of agriculture and rural development, improving the quality of life in villages through provision of better transportation system and round-the-year better connectivity to villages with nearby hospitals, educational institutes, godowns and marketing centres, he said.

He said more than 50 per cent of the State is under the National Capital Region. This has added extra traffic load which eventually comes to the rural roads of Haryana.

Therefore, the rural roads and bridges in Haryana need construction and upgradation, he added.

The spokesman said installation of the 10 MW solar power plant at the Panipat Thermal Power Station would generate green energy which would have positive results for the environment and help in fulfilling the renewable energy purchase obligations of the State.

It is for the first time that NABARD has sanctioned this type of project in Haryana, he added.

He said with this sanction, the cumulative RIDF assistance sanctioned to the State government under RIDF has reached Rs.5,613.65 crore involving 4,263 projects under various sectors like irrigation, rural connectivity, water supply, anganwadis, girls’ toilet blocks, veterinary hospitals or dispensaries and solar power plant.

Since inception of RIDF in 1995-96, an amount of Rs. 3,859.30 crore has so far been disbursed. - PTI

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