Thursday, September 2, 2010

Milestone of India - NABARD sanctions Rs 284.5 crore for rural infrastructure in West Bengal.

KOLKATA: NABARD has sanctioned an amount of Rs. 284.51 crore under Rural Infrastructure Development Fund XVI to West Bengal. The projects sanctioned are for improving rural infrastructure including roads and bridges.

For improving rural connectivity in 18 districts of West Bengal, an amount of Rs.279.89 crore has been sanctioned for 100 rural roads (68 village roads, 24 other district roads and 8 major district roads), according to a release. A total road length of 702.34 km is expected to be created under these projects. Non-recurring employment generation is expected to be 104.91 lakh man days. The projects are likely to benefit 2083 villages.

For the Sundarbans area, an amount of Rs.4.62 crore has been sanctioned for a rural bridge project in South 24 Parganas. The total span of the bridge is 67.20 m. Non-recurring employment generation is expected to be 1.73 lakh man days and the project would benefit a population of 1.30 lakh in 14 villages.

Since inception of the RIDF, NABARD has sanctioned 32,998 projects with a loan component of Rs.6600.75 crore to West Bengal.

Major projects which received financial support from NABARD for creation of infrastructure in the State include rural connectivity Rs.3463.89 crore (52 per cent), irrigation and flood protection Rs.1490.42 crore (23 per cent), social sector Rs. 325.86 crore (5 per cent) and other sectors Rs. 1320.58 crore (20 per cent).

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