NABARD gives Rs 236.18 crore loan to Karnataka
The loan is for building 82 irrigation structures, 189 rural roads and 42 rural bridges in different districts.
Bangalore: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 236.18 crore as loan assistance to the government of Karnataka for building 82 minor irrigation structures, 189 rural roads and 42 rural bridges in different districts. These projects have been sanctioned under the Rural Infrastructure Development Fund (RIDF XVIII) by the Project Sanctioning Committee in its meeting earlier this month, S N A Jinnah, Chief General Manager, NABARD, Karnataka Regional Office, said.
With these sanctions, the cumulative sanction to the state under RIDF XVIII has reached Rs 264.68 crore, NABARD said. "Implementation of 189 road projects with a total length of 728.59 km and 42 rural bridge projects with a length of 910.57 metres is expected to benefit 23.17 lakh rural population in 30 districts," according to a NABARD statement.
The roads will connect 1,049 villages with 379 marketing centres and generate non-recurring employment to the tune of 54.93 lakh mandays, it said. The construction of 82 minor irrigation structures is expected to enhance irrigation potential to the extent of 5,852 hectare, the statement added.