NABARD sanctions Rs 1,350-cr loan to Rajasthan govt

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The National Bank of Agriculture and Rural Development (NABARD) has sanctioned a loan assistance of Rs 1,349.55 crore to the Rajasthan government for creation of rural infrastructure in the state under the Rural Infrastructure Development Fund (RIDF).

The sanction includes assistance for construction of two rural drinking water supply projects, strengthening/ rehabilitation of 1,614 rural roads and modernisation of three major irrigation projects, a NABARD spokesperson said.

An amount of Rs 599.84 crore has been sanctioned for rehabilitation of 1,614 roads, covering all 33 districts of Rajasthan, Rs 469.54 crore for providing potable water to population of 419 villages of Jalore district and Rs 280.17 crore for rehabilitation and modernisation of 3 major irrigation projects located in Udaipur, Banswara and Dungarpur districts, the spokesperson said.