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NABARD Sanctioned Rs 388 crore for Drinking Water, Road Projects in Odisha

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The National Bank for Agriculture and Rural Development (NABARD) has sanctioned financial assistance of Rs 388 crore under the Rural Infrastructure Development Fund (RIDF) for Odisha to set up 4 mega piped drinking water supply projects and 20 rural road projects across 15 districts of the state.

Drinking-Water Supply Project:

i.The 4 drinking water supply projects envisage providing 70 LPCD (litre per capita per day) safe, hygienic potable drinking water at the consumer end through a functional household tap connection (FHTC) with 8 hours of supply in the project area.

ii.The water projects include 1 each in Koraput district (Boipariguda block) and Balasore district (Nilgiri block), and 2 in Malkangiri district (Malkangiri and Kalimela blocks).

iii.After completion of the projects around 2.57 lakh rural people in 467 villages would be able to get the drinking water supply. Through which the state aims to achieve its goal of supplying drinking water in the state by 2022.

Note – The Road projects are also expected to improve the livelihood of 1.52 lakh people in 162 villages.

Assistance under RIDF:

i.In FY22 under RIDF-XXVIII, many rural infrastructure projects were being supported for drinking water, irrigation, and rural connectivity (road and bridge) of the state.

  • Those infrastructure projects would improve the livelihood of millions of people in the rural economy.

ii.So far, Rs 691 crore has been sanctioned under RIDF for Odisha in FY22 and the total sanctions under RIDF to the state since RIDF’s inception remained at Rs 28,732 crore.

iii.About RIDF: It was set up by the Government in 1995-96 for providing finance to State Governments and State-owned corporations to enable them to complete ongoing rural infrastructure projects. It is maintained by NABARD.

Recent Related News:

In early June 2021, NABARD has sanctioned a RIDF of Rs 254 crore for setting up 2 mega piped drinking water supply projects in Odisha.

About National Bank for Agriculture and Rural Development (NABARD):

NABARD was established on the recommendations of the B.Sivaraman Committee (by Act 61, 1981 of Parliament) to implement the NABARD Act 1981.
Establishment – 12 July 1982
Headquarters – Mumbai, Maharashtra
Chairman – Govinda Rajulu Chintala

About Odisha:

Capital – Bhubaneswar
Chief minister – Naveen Patnaik
Governor – Ganeshi Lal