NABARD allocates Rs 609 cr for rural infra projects in Himachal Pradesh

Shimla, Sept 29 (KNN) Under the Rural Infrastructure Development Fund (RIDF), the National Bank for Agriculture and Rural Development (NABARD) has approved 113 projects worth Rs 609.54 crore in Himachal Pradesh.

The sanctioned projects include 26 drinking water supply schemes, 30 minor irrigation, 40 rural roads, four bridges and 13 sewerage schemes.

As per reports, around Rs 200.78 crore has been sanctioned for 40 rural roads and four bridges, which will be utilised for development of 103.65 km roads and improvement and upgrade of 132.89 km roads.

An amount of Rs 121.75 crore has been sanctioned for 13 sewerage projects, which will benefit of 65,000 people. Besides, Rs 118.87 crore has been sanctioned for 26 rural drinking water supply schemes, which will benefit 2.94 lakh people.

Around 30 minor irrigation projects worth Rs 168.14 crore have also been approved.

NABARD under the RIDF provides concessional loans to state governments for the development of basic infrastructure.  (KNN Bureau)