Home News NABARD Sanctions Rs 206 Cr

NABARD Sanctions Rs 206 Cr

Bhubaneswar: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 206 crore to the Odisha government for construction of 25 roads.

The assistance has been sanctioned under Rural Infrastructure Development Fund (RIDF) for construction of 25 rural road projects in 11 districts in the State.

The projects with a combined length of 203 km will improve rural road connectivity for 20.48 lakh people in 1723 villages.

The State Works department will construct the roads and the infrastructure projects will play a key role in supporting the rural economy by improving the livelihoods of people, it said.

This sanction is on the line of priority fixed by the State government for developing critical rural infrastructure for drinking water supply, irrigation and rural connectivity (road and bridge).

With this sanction, the cumulative sanction under RIDF XXVII (2021-22) reached a level of Rs 1493 crore, the NABARD said.