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Andhra Pradesh will receive Rs 4,000 crore assistance from the National Bank for Agriculture and Rural Development (Nabard) under its agriculture refinance scheme for the fiscal year 2011-12.
“An amount of Rs 3,500 crore was given under agriculture refinance to the State in year 2010-11 and for the following fiscal we have set a target of Rs 4,000-crore,” Nabard Chief General Manager, Mr P. Mohanaiah, told presspersons here yesterday.
He said Rs 1,400 crore would be provided to the State under its Rural Infrastructure Development Fund for 2011-12 as against Rs 1,237 crore in the previous fiscal.
Stating that the bank had taken up several welfare and development schemes for the rural and girijan people, Mr Mohaniah said it has invested Rs 400 crore for watershed programmes in rural areas of Andhra Pradesh from 2008-09 onwards in sixteen districts under a five-year-programme to provide irrigation water to 4.8 lakh hectares of land across the State.
The bank has taken up about 440 projects in the State and village committees would implement these programmes with the help of technical guidance from experts and people from NGO sector, he said.
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