The National Bank of Agriculture and Rural Development (NABARD) has sanctioned a loan assistance of Rs 1,349.55 crore to the Government of Rajasthan for creating rural infrastructure in the state under the Rural Infrastructure Development Fund (RIDF).
The sanction includes assistance for construction of two rural drinking water supply projects, strengthening and rehabilitation of 1,614 rural roads and modernisation of three major irrigation projects, a senior official at NABARD informed.
An amount of Rs 599.84 crore has been sanctioned for rehabilitation of 1,614 roads, covering all 33 districts of Rajasthan, Rs 469.54 crore for providing potable water to population of 419 villages of Jalore district and Rs 280.17 crore for rehabilitation and modernisation of 3 major irrigation projects located in Udaipur, Banswara and Dungarpur districts, the official said.
NABARD had, in March, projected an exploitable credit potential of Rs 1.72 lakh crore towards the priority sector lending by the banks in Rajasthan for the year 2017-18. This is 14 per cent higher than the credit projection made for the year 2016-17 by NABARD.