In October 2021, the National Bank for Agriculture and Rural Development (NABARD) sanctioned Rs 608 crore to the Government of India (GoI) for different infrastructure projects in rural areas of Assam.
- The infrastructure projects include 52 rural roads, 21 rural bridges, 19 flood protection projects and 32 soil conservation projects across Assam under Rural Infrastructure Development Fund (RIDF) – XXVII.
- 17 lakhs rural population in 900 villages were estimated to get benefitted through the projects.
- Recently, NABARD has entered into an MOU with the government of Assam, and the Assam Infrastructure Financing Authority (AIFA) for facilitation of Rs 13,200 crore infrastructure projects in the state over a period of 3 years.
About RIDF:
It was set up by the Government of India in 1995-96 for providing low-cost finance support to State Governments and State-owned Corporations for developing critical infrastructure in the agriculture & allied sector, the social sector and rural connectivity. It is maintained by NABARD.
Recent Related News:
As per the annual report of the National Bank for Agriculture and Rural Development (NABARD) for FY21, the total loans and advances extended by NABARD in FY21 grew by 25.2 percent year-on-year (YOY) compared with 11.5 percent of FY20.
About Assam:
Chief Minister – Himanta Biswa Sarma
Wildlife Sanctuary – Deepor Beel Wildlife Sanctuary, Marat Longri Wildlife Sanctuary
Dance – Deodhani, Bordoishikla, Domahi Kikang
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
