04 July 2018

NABARD Sanctions Over Rs 735 crore For Bengal For Rural Infra Projects

NABARD Sanctions Over Rs 735 crore For Bengal For Rural Infra Projects


NABARD has sanctioned Rs 735.53 crore in the first quarter of the current fiscal under the Rural Infrastructure Development Fund (RIDF) for West Bengal for facilitating the execution of 86 projects.

They include six solar power, one medium irrigation, five minor irrigation and 12 flood protection projects, besides 57 projects for the widening and strengthening of roads and five rural bridges. According to the NABARD, the entire loan amount was provided to the state at a concessional rate.

Source- The Economic Times

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • NABARD stands for National Bank For Agriculture And Rural Development.
  • NABARD came into existence on 12 July 1982.
  • Headquarters- Mumbai, Chairman- Dr Harsh Kumar Bhanwala.

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