Policy

NABARD sanctions Rs 119 cr loan for Haryana

The infrastructure projects will help generate livelihoods in Haryana on the long run. They will boost the local businesses and overall economy of these villages

NABARD sanctions Rs 119 cr loan for Haryana

National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of about Rs 119 crore to construct seven bridges and improvement of one rural road project in five districts of Haryana, news agency PTI has reported.

Under rural bridges and road project, construction of seven bridges and one road would be undertaken in Ambala, Panchkula, Sonepat, Yamunanagar and Panipat districts of Haryana involving RIDF (Rural Infrastructure Development Fund) loan of Rs 28.25 crore, the NABARD spokesperson reportedly told the agency.

The implementation of the project will provide better connectivity in rural Haryana and is expected to generate about 2.71 lakh work days of non-recurring employment during implementation, he said. Besides this, the project will directly benefit 46 villages and provide farmers access to 18 marketing centres. Further, the project is expected to generate about 1.16 lakh work days of non-recurring employment during implementation.

R&M Analysis
The infrastructure projects will help generate livelihoods in Haryana on the long run. The connectivity is expected to provide good market linkage to the farmers to sell their produce on remunerative prices. They will boost the local businesses and overall economy of these villages. The increasing income will further turn into increasing consumption power in the rural areas on these districts where the project are going to be implement.  

At the same time, the increasing connectivity will provide rural marketers, agricultural input companies deep access to the remote villages, thereby opening new avenues for their revenue generation. 

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