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Wednesday, Mar 20, 2002

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Nabard sanctioning at fast clip

Our Bureau

MUMBAI, March 19

NABARD is in a hurry to sanction the Rs 5,000-crore Rural Infrastructure Development Fund (RIDF) for 2001-02. The institution sanctioned Rs 1,037.14 crore under RIDF VII to 16 States last week. This includes funds for 15,799 irrigations projects, 777 roads, 153 bridges and 1,933 marketing centres.

With this, the total funds sanctioned to 22 States amount to Rs 4,629.51 crore. The Nabard board is expected to meet again shortly to sanction the balance amount to meet the March 31 deadline.

According to officials, the delay in clearing the funds is mainly due to the delay in receiving the proposals from the State Governments. As the institution insists on fully complying with the terms, the States take longer time for submitting the proposals, they said. The projects for which funds were sanctioned included flood rescue centres-cum-primary schools, shishu shiksha kendra, Angadwadi centres and system improvement in power sector in West Bengal, rural drinking water supply in Andhra Pradesh and Mizoram, secondary schools in Tamil Nadu and rural market yards in Kerala, said a press release.

Of the aggregate amount, Andhra Pradesh has been allocated Rs 100.69 crore, Chhattisgarh Rs 37.64 crore, Goa Rs 15.79 crore, Himachal Pradesh Rs 20.88 crore, Jammu and Kashmir Rs 179 crore, Karnataka Rs 15.12 crore, Kerala Rs 85.6 crore, Madhya Pradesh Rs 29.27 crore, Maharashtra Rs 83.68 crore, Mizoram Rs 2.77 crore, Orissa Rs 10.75 crore, Rajasthan Rs 149.89 crore, Tamil Nadu Rs 84.89 crore, Tripura Rs 6.79 crore, Uttar Pradesh Rs 30.19 crore and West Bengal Rs 184.19 crore.

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