NABARD nod for Rs 171 Cr developmental loan to Himachal

Shimla: Under Rural Infrastructure Development Fund (RIDF), rural banker NABARD has sanctioned Rs 171.22 Cr making a cumulative loan sanction for the current financial year at Rs 334.57 crore.

The latest tranche of loan sanctioned if for setting up 17 rural drinking water schemes, 17 minor irrigations schemes and 48 road projects which include 4 bridges, said Naresh Gupta, Chief General Manager NABARD.

An Rs 12.81 crore loan amount stands approved for the drinking waters schemes that would benefit 66969 residents in 264 villages across the districts of Bilaspur, Hamirpur, Kangra, Kullu, Mandi and Shimla.

The irrigation projects spread over the districts of Chamba, Hamirpur, Kangra, Lahaul & Spiti, Mandi, Shimla, Solan and Una have 3 flow irrigation schemes, 13 lift irrigation ones and one a rain water harvesting project. A total of Rs 25.5 crore loan has been sanctioned for the purpose.

The road projects approved for financing include black topping of a total of 261.57 Kms on 34 roads and cutting of 14 new roads with a length of 68.32 Kms. An amount of Rs 132.91 Cr has been sanctioned for these roads which include 4 bridges located in districts Solan, Hamirpur, Chamba, Kangra, Bilaspur, Mandi, Shimla, Kullu and Una.

Till date NABARD has sanctioned Rs 3374 crore, of which Rs 2168.79 crore stands disbursed.

Under the development fund, the apex rural bank has financed 1521 irrigation projects, 870 rural roads projects, 242 bridges, 118 watershed projects, 40 flood protection works, 1213 primary school buildings, 64 science laboratories in schools, 25 IT projects, 573 rural drinking water schemes, 295 animal husbandry centres, 16500 polyhouses with related minor irrigation structures and more than 20000 hectares of micro irrigation structures, a NABARD communiqué said.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.