ITANAGAR, March 10 - National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 33,619.50 lakh to Government of Arunachal Pradesh under its Rural Infrastructure Development Fund (RIDF) during 2017-18 as against the normative allocation of Rs 25,000 lakh earmarked for the current year.
This year�s sanction for creation of 27 rural infrastructure projects is 132 per cent higher than the last year�s sanction of Rs 25,547.78 lakh towards 21 rural infrastructure projects.
The sanctioned fund is for construction of 21 new roads, two bridges, four drinking water supply projects involving NABARD assistance of Rs 27,724.50 lakh, Rs 2,250 lakh and Rs 3,645 lakh respectively, according to an official release here.
Welcoming NABARD�s gesture, Chief Minister Pema Khandu in a statement on Thursday said that the relationship between Govt of Arunachal Pradesh and NABARD, particularly during the last one year has been wonderful. He thanked NABARD Arunachal Regional Office for its significant support to the State Government.
He also appreciated NABARD for supporting over 500 awareness programmes, channelising subsidy for three flagship programmes of the State Government in addition to other Central Sector Schemes.
It may be mentioned that the financial assistance from NABARD under RIDF to Arunachal Pradesh for creation of rural infrastructure was started in 1999-2000.
With this year�s sanction, the cumulative sanction from NABARD to Arunachal Government under Tranche V (1999-2000) to Tranche XIII (2017-18) has reached Rs 1,79,910.89 lakh for construction of 186 rural infrastructure projects.
The completion of above projects will help the State Government to achieve the connectivity of rural road network of 1,630.66 km, bridge length of 4,359.52 metres, 22 drinking water supply projects with capacity of 3.34 million litres per day, three new schools, four projects of flood protection works and six 33 KV projects for augmenting the transmission network in the State.