In a major boost to rural infra building in the Union Territory of Jammu & Kashmir, the National Bank for Agriculture and Rural Development (NABARD) has sanctioned ₹400.64 crore for the current fiscal. The funding is part of NABARD's Rural Infrastructure Development Fund (RIDF) - Trench XXV', which aims at augmenting rural infrastructure. Prior to this, the Bank had sanctioned ₹209.87 crore for construction of 82 rural roads and three bridges. A road length of 291 km will be constructed, benefiting 9.15 lakh people in 19 districts J&K. The construction of roads and bridges will provide all-weather connectivity to over 461 remote villages. Funds of ₹143.66 crore have been sanctioned and earmarked for implementation of 38 water supply schemes wherein the schemes will benefit over 3.54 lakh people across 86 villages in 17 districts of J&K.
📅Published on:
27 February 2020
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