Telangana Government sought a loan of Rs 7,900 crore from NABARD for completion of 11 pending irrigation projects in the state.
State Irrigation Minister T Harish Rao made the request during a meeting with officials of NABARD (National Bank for Agriculture and Rural Development), a government statement said.
The 11 projects are part of the 99 pending irrigation projects identified by the Central government across the country, he said.
The minister told the NABARD officials that the state government was facing some difficulties in accessing loans for the 11 projects under Fiscal Responsibility and Budget Management (FRBM) Act as it is already availing other loans.
Loan is being sought from NABARD in view of the difficulties, he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
