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Our Bureau

Bangalore, Nov. 2 The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs 310.28 crore to the State Government for building rural infrastructure projects under the Rural Infrastructure Development Fund (RIDF).

The funds would be used for construction of roads and bridges, minor irrigation structures, buildings of pre-university and first grade colleges, industrial training institutes, rural godowns and sericulture in various districts of the State, according to a Nabard press statement.

The loan amount has been sanctioned under the RIDF – 15 by the Projects Sanctioning Committee at a meeting held at New Delhi on October 22.

Out of Rs 310.28 crore, Rs 98.57 crore has been sanctioned for rural roads and bridge projects, Rs 123.52 crore for minor irrigation projects, Rs 4.75 crore for sericulture units, Rs 10.97 crore for construction of rural godowns and Rs 27.77 crore for infrastructure development of first grade colleges, Rs 4.42 crore for ITI buildings and Rs 40.27 crore for construction of new class rooms in government pre-university colleges.

The funds will be used for construction of 67 rural roads and bridge (858.31 km), which would benefit 671 villages in 25 districts. A total of 337 minor irrigation projects spread over the State would be taken up, which would ensure irrigation facility to 15,202 hectares.

More Stories on : Agricultural Institutions | Karnataka

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