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NABARD sanctioned Rs 74.31 cr for Meghalaya roads under RIDF-Tranche-XXVI

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NABARD sanctions RS 74-31 crore for Meghalaya roadsThe National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 74.31 crore to the state government of Meghalaya under Rural Infrastructure Development Fund (RIDF)-Tranche-XXVI. It will be utilized within three years towards construction of 6 new roads and improvement of 24 existing roads viz. 22 village roads and 2 major district roads.

Aim of Funds: To strengthen rural connectivity and rural infrastructure of Meghalaya.

  • On completion, the roads will benefit 131 villages by providing simple access to nearby health centers, marketing centers and educational institutions.

About Rural Infrastructure Development Fund (RIDF):

Created in 1995-96 by the Government of India (GoI) with the initial corpus of Rs.2000 crores for the development of rural infrastructure, RIDF is maintained by NABARD.  At present, it consists of 37 eligible activities under three broad categories of Agriculture and related sector, Social sector and Rural connectivity.

  • As on October 31, 2020, from RIDF I to XXVI, NABARD has sanctioned total 6,99,354 projects involving loan assistance of Rs. 3,78,832 crore to State Governments.

Recent Related News:

i.On October 21, 2020 Uttarakhand Chief Minister (CM) Trivendra Singh Rawat inaugurated the Integrated Model Agricultural Village Scheme (Ekikrit Adarsh Krishi Gram Yojana) in partnership with NABARD in the state at Doiwala in Dehradun.

ii.The National Bank for Agriculture and Rural Development(NABARD) to undertake a Sanitation Literacy Campaign (SLC) to promote literacy on ”WASH” (Water, Sanitation and Hygiene) in 2,000 villages across the country covering 1 lakh rural population. SLC will start from October 2, 2020 to January 26, 2021.

About National Bank for Agriculture and Rural Development (NABARD):
Establishment– 1982
Chairman– Dr. G.R. Chintala
Headquarter– Mumbai, Maharashtra

About Meghalaya:
Capital– Shillong
Chief Minister– Conrad Kongkal Sangma
Governor– Satya Pal Malik