Dharamshala: Top executives of NABARD, an government owned financial institution, disclosed that the National Bank For Agriculture And Rural Development (NABARD) would be spending Rs 500 in Himachal during the current financial year.
Kishan Singh, the managing director of NABARD here said, “the money shall be spent on rural infrastructure schemes for new bridges, roads, irrigation and water supply schemes and other such projects.”
Singh was presiding over a meeting that was followed by a day long seminar about Rural Infrastructure Development Fund (RIDF). The meeting was attended by officers from different department.
Singh said, “In 2016-17, NABARD had funded 125 schemes and Rs 545.54 was extended by the bank towards execution of these schemes.”