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NABARD Sanctioned Rs 795 crore to West Bengal for Reconstructing Infrastructure Damaged by Cyclone Amphan

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NABARD sanctions ₹795 cr to re-constructNational Bank for Agriculture and Rural Development(NABARD) has sanctioned Rs 795 crore to West Bengal to reconstruct infrastructure which was damaged by Cyclone Amphan(May) under Rural Infrastructure Development Fund (RIDF).

Background

i.The state government appealed for Rs 1,028 crore from NABARD to repair the damage under Rural Infrastructure Development Fund (RIDF).

ii.After the appeal Rs 795 crore was sanctioned.

Rs 145 crore provided under RIDF

NABARD has already provided Rs 145 crore under RIDF to the state as special liquidity support to enhance rural infrastructure considering the COVID-19 pandemic.

Prime Minister’s announcement to provide financial aid to West Bengal in view of the cyclone

i.Prime Minister Narendra Modi announced a rehabilitation package of Rs 1,000 crore for West Bengal.

ii.An advance assistance of Rs 1,000 crore will be arranged by the government of India.

iii.In addition to these, Rs 2 lakh will be given from the Prime Minister’s Relief Fund to the family of the deceased and Rs 50,000 each for the seriously injured

Highlights of Cyclone Amphan

i.Super cyclone Amphan was formed over south-east Bay of Bengal on May 16.  It made landfall between Digha in West Bengal and and Hatiya island in Bangladesh with winds of about 120mph (190km/h) on May 20.

ii.This is the second pre-monsoon cyclone to form in the Bay of Bengal in the last two years.

iii.It is equivalent to a Category-5 hurricane on the Saffir-Simpson Hurricane Wind Scale, as per the space agency NASA.

iv.The name ‘Amphan’was given by Thailand.

Other Related News:
i.World Bank grants Rs. 1,950 cr loans to West Bengal to tackle COVID- 19.
ii.NABARD grants Rs 1,050 crore special liquidity facility (SLF) to West Bengal during FY 21 for the benefit of farmers & poor people.

About NABARD:
Headquarters– Mumbai, Maharashtra
Chairman– G R Chintala

About West Bengal:
Capital– Kolkata
Chief Minister– Mamata Banerjee
Governor– Jagdeep Dhankhar.