The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 127.40 crore as loan to Karnataka Government under Rural Infrastructure Development Fund (RIDF) XVIII.
The assistance is for construction of 88 ayacut road projects and three bridge projects by Water Resource Department both major and medium (Rs 38.84 crore), 199 rural road and two bridge projects by RDPR (Rs 59.16 crore), five rural road and two bridge projects by PWD (Rs 5.32 crore) 10 rural road and two bridge projects by Tourism Department (Rs 10.37 crore) and 66 minor irrigation projects by Water Resource Dept- MI (Rs 13.71 crore) in different districts.
These projects have been sanctioned under the RIDF XVIII by the project sanctioning committee in its meeting held on February 8. With these sanctions, the cumulative sanction to Karnataka under RIDF XVIII has touched Rs 602.15 crore.
According to a Nabard release, the assistance extended for construction of 512.99 km length of road projects and 270 meters of rural bridge projects is expected to benefit more than 8.12 lakh rural populace in all the 30 districts.
The road/bridge projects will connect 841 villages with 360 marketing centres and generate non-recurring employment to the tune of 40.41 lakh mandays and recurring employment of 407 jobs per year.
The sanction of 66 minor irrigation projects in nine districts would benefit 1178.07 Hectares by way of ground water recharge, increased storage, restoration of command area etc and generate non-recurring employment of 4.18 lakh man days and recurring employment of 63 jobs per year. The above minor irrigation projects will also help in increase of GDP by Rs 126.64 lakh a year.