Shimla: Supporting the state government in funding rural infrastructure, National Bank for Agriculture and Rural Development (NABARD) today approved Rs 89 Cr for irrigation and road projects.
A spokesman of NABARD said that it was the first tranche of funding for Himachal Pradesh in 2012-13 and the funds sanctioned were for 22 rural road and bridge project and 12 minor irrigation projects.
The projects approved were black topping of 13 roads of 99 Km length in the districts of Kangra, Sirmour, Shimla, Una, Solan and Kullu; and construction of 7 Kutcha roads of 53 Kms located in districts of Kangra, Kullu, Chamba, Mandi.
Of the total outlay of Rs 72.96 crore for the road projects which includes two bridges in Kangra and Mandi districts, Rs 65.66 Cr is to be funded by NABARD.
The minor irrigation projects are located in districts Hamirpur, Kangra, Kullu and Una and would cover a total command area of 1534.18 hectares.
Of the outlay of Rs 24.52 crore for the irrigation projects, Rs 23.30 crore would be funded by NABARD, the bank spokesman said.
As Editor, Ravinder Makhaik leads a team of media professionals at Hill Post.
Spanning a career of over two decades in mass communication, as a Documentary Filmmaker, TV journalist, Print Media journalist and with Online & Social Media, he brings with him a vast experience. He lives in Shimla.
We are happy lot that NABARD has sanctioned loan but forger that it is a LOAN and one or other day to be returned. May be not us but our next generation. After all loan is loan, soft or hard.