Moneycontrol PRO
Contest Alert:2 days left to win Amazon vouchers worth Rs 5000. Take the MCPRO Quiz today to grab yours!
you are here: HomeNewsIndia

Nabard approves Rs 14,690 cr funding to Rajasthan

National Bank for Agriculture and Rural Development (NABARD) has extended total credit support of Rs 14,690 crore to Rajasthan for 2017-18, an official said.

April 18, 2018 / 08:41 AM IST
Agriculture Sector | Technological advancements are reshaping Africa’s agricultural sector in helping to pioneer a new agro-business strategy. Automation is replacing many jobs traditionally done by farm labourers such as harvesting and crop sorting. (Image Source: )

Agriculture Sector | Technological advancements are reshaping Africa’s agricultural sector in helping to pioneer a new agro-business strategy. Automation is replacing many jobs traditionally done by farm labourers such as harvesting and crop sorting. (Image Source: )

National Bank for Agriculture and Rural Development (NABARD) has extended total credit support of Rs 14,690 crore to Rajasthan for 2017-18, an official said.

Rajasthan has been one of the biggest beneficiaries under the Rural Infrastructure Development Fund (RIDF) of NABARD, under which NABARD disbursed concessional loan of Rs 1,851.29 crore to the state government during 2017-18,” NABARDs chief general manager A K Singh said here.

He informed that among major infrastructure projects, bank sanctioned 10 irrigation projects, construction of 1614 roads and two rural drinking water supply projects.

Singh said that NABARD is playing a crucial role as an important stakeholder in infra financing sector in rural parts of the country through its various funds.
PTI
first published: Apr 18, 2018 08:09 am

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark