Nabard sanctions Rs 210 cr for rural infra in Karnataka

Our Bureau | | Updated on: Dec 28, 2012

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 210.08 crore as loan assistance to Karnataka under RIDF XVIII.

S.N.A. Jinnah, Chief General Manager, Nabard, Karnataka Region, said in a release, “The loan assistance is for construction of four polytechnic colleges by department of higher education (Rs 21.25 crore), 71 rural road and 45 bridge projects by state public works department (PWD) (Rs 96.06 crore), four fish jetty projects by fisheries department (Rs 4.75 crore), 93 irrigation projects by water resources department-minor irrigation (Rs 36.38 crore), 48 veterinary institutions by department of animal husbandry (Rs 9.48 crore), 64 Raitha Samparka Kendras by agriculture department (Rs 23.10 crore) and 22 ayacut road projects by water resources department - MMI (Rs 19.05 crore) in different districts of the State.”

These projects have been sanctioned under the Rural Infrastructure Development Fund (RIDF XVIII) by the project sanctioning committee at its meeting on December 20. With these sanctions, the cumulative sanction to the State under RIDF XVIII has touched Rs 474.75 crore.

The assistance extended for construction of 299.84 km length of road projects and 1,670.8 meters of rural bridge projects is expected to benefit more than 10.73 lakh rural population in 24 districts of the State.

The road/bridge projects is expected to connect 683 villages with 258 marketing centres and generate non-recurring employment to the tune of 41.05 lakh man days and recurring employment of 411 jobs per year.

The sanction of 93 minor irrigation projects in 13 districts would benefit 3457.81 hectares by way of ground water recharge, increased storage, and restoration of command area and generate non-recurring employment of 11.34 lakh man days and recurring employment of 170 jobs per year.

The minor irrigation projects are expected to help in increase of GDP by Rs 371.71 lakh per annum. The assistance of Rs 23.10 crore extended to state agriculture department for construction of 64 Raitha Samparka Kendras in 25 districts will benefit 2,823 villages and assistance of Rs 9.48 crore extended to animal husbandry department for construction of 48 buildings for veterinary institutions will serve 390 villages in 29 districts.

Published on December 28, 2012
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