NABARD sanctions over Rs 400 cr to boost infrastructure in J&K

National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of 400.64 crore rupees to UT of J&K during the current financial year for giving boost to the infrastructure in the rural areas. The funding is a part of the NABARD’s ‘Rural Infrastructure Development Fund (RIDF) – Trench XXV’ which aims at augmenting rural infrastructure.

“The Bank has sanctioned 209.87 crore rupees for construction of 82 rural roads and 03 bridges earlier this year. A road length of 291 kms will be constructed benefiting 9.15 lakh people in 19 districts of UT of J&K. The construction of roads and bridges would provide all weather improved connectivity to 461 remote villages. An amount of 143.66 crore rupees has been sanctioned for implementation of 38 water supply schemes. The schemes will benefit over 3.54 lakh people across 86 villages in 17 districts of UT of J&K. Similarly, the Bank has sanctioned an amount of 47.11 crore rupees towards improving the Animal and Sheep Husbandry sectors.