NABARD sanctions Rs 546.46 loan to UP

Last Updated: Tuesday, October 27, 2009 - 18:21

Lucknow: National Bank for Agriculture and
Rural Development (NABARD) has sanctioned a loan of Rs 546.46
crore to Uttar Pradesh for various development projects under
Rural Infrastructure Development Fund (RIDF).

"The loan had been sanctioned for construction and
modernisation of 8,200 Blast-wells covering eight districts,
modernisation of 38 pump canals covering 19 districts of
eastern region," NABARD`s Chief General Manager D P Misra said
here today.

He said it will also cover 46 flood protection projects
in different districts and a project on tree improvement under
forestry sector.

Misra said since inception of RIDF in 1995-96, a
cumulative financial assistance to the tune of Rs 8,494.46
crore has been sanctioned to the state government for
executing 22,279 projects.

The blast-well irrigation project in Bundelkhand
/Eastern region will create and restore irrigation facilities
for over 24,600 hectare of land benefiting mostly small and
marginal farmers, Misra said.

The modernisation of irrigation projects would restore
irrigation potential of 47,824 hectare in eastern region and
the flood control projects would protect approximately
1,15,359 hectare agricultural land in 1,157 villages.

Bureau Report



First Published: Tuesday, October 27, 2009 - 18:21
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