NABARD Rs204 cr Loan for Haryana

IAS Prelims 2023

National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs 204.67 crore under Rural Infrastructure Development Fund (RIDF) for rural infrastructure in Haryana.

Out of the total loan sanctioned, Rs 147.18 crore has been sanctioned to the state government under the 22nd tranche of RIDF for 2016-17 for construction of three rural bridges, construction and upgradation of 26 rural roads in 10 districts namely Ambala, Faridabad, Gurgaon, Hisar, Jind, Karnal, Mahendergarh, Panchkula, Rewari and Yamunanagar.

NABARD has sanctioned Rs 57.49 crore for a 10 MW Photo Voltaic Solar Power Plant at Panipat Thermal Power Station (PTPS), Panipat.

With this sanction, the cumulative RIDF assistance sanctioned to the State Government under RIDF has reached Rs 5,613.65 crore involving 4,263 projects under various sectors like irrigation, rural connectivity, water supply, anganwadis, girls toilet blocks, veterinary hospitals or dispensaries and solar power plant.

Since inception of RIDF in 1995-96, an amount of Rs 3,859.30 crore has so far been disbursed.