Home Business NABARD Sanctions 85 Crore To Goa For Rural Development Projects

NABARD Sanctions 85 Crore To Goa For Rural Development Projects

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Aside from market borrowings through state development loans, the government has borrowed Rs85 crores from the NABARD under the rural infrastructure development fund (RIDF) for various infrastructure projects to be taken up in Goa.

The RIDF aims to support State governments and quickly complete projects related to medium and minor irrigation, soil conservation, sewerage, biodigester toilets, drinking water distribution, primary health center, etc. and other forms of rural infrastructure.

Among the projects taken up with the funds are bio-digester toilets to meet the open defecation free norms, drinking water supply, and irrigation programs, among the many others.

“NABARD has sanctioned loans worth Rs8,504 lakhs under RIDF to the government of Goa for various social infrastructure projects in the state.

With this, NABARD has achieved a 100% target fixed for sanctioned to the state government during 20-2021.

The RIDF was set up with the sole objective of giving low-cost support to state governments and state-owned corporations for quick completion of projects related to medium and minor irrigation, soil conservation, and other forms of rural infrastructure.

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