Sanctioned Rs 335 Crore to West Bengal in August: NABARD

National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to West Bengal. The fund, alloted in August, would be used for 158 minor irrigation projects and 23 flood protection projects.
The minor irrigation projects are expected to benefit 20,506 hectares, covering 3.09 lakh population in 699 villages of 22 districts, while the flood protection projects would address the problem of rapid bank erosion caused by rivers. 
Source- The Moneycontrol

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • NABARD Chairman- Harsh Kumar Bhanwala, Headquarters- Mumbai, Established on- 12 July 1982.