Home Banking NABARD Sanctions 356 Cr

NABARD Sanctions 356 Cr

Bhubaneswar: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 356 crore to the State Government for construction of 35 bridges.

The assistance has been sanctioned under Rural Infrastructure Development Fund (RIDF) for construction of 35 bridge projects covering 17 districts in the State, NABARD’s chief general manager (Odisha Region) C Udayabhaskar said.

These bridge projects will improve rural connectivity to 11.06 lakh people in 1324 villages of the 17 districts.

During the financial year 2021-22, the NABARD has sanctioned a total amount of Rs 1047 crore to the State Government for construction of critical rural infrastructure projects like drinking water, irrigation and rural connectivity (road and bridge) under RIDF-XXVII.

These infrastructure projects will play a key role in supporting the rural economy by improving the livelihoods of people, Udayabhaskar said.