National Bank for Agriculture & Rural Development (NABARD) has sanctioned Rs 33619.50 lakh to Government of Arunachal Pradesh under its Rural Infrastructure Development Fund (RIDF) during 2017-18 as against the normative allocation of Rs 25000 lakh earmarked for the current year for the state.
This year’s sanction of Rs 33619.50 by for creation of 27 rural infrastructure projects is 132 per cent higher than the last year’s sanction of Rs 25547.78 lakh towards 21 rural infrastructure projects. The sanctioned fund is for construction of 21 new roads, 02 rural bridges, 4 drinking water supply projects involving NABARD assistance of Rs 27724.50 lakh, 2250.00 lakh and 3645.00 lakh respectively.
Welcoming NABARD’s gesture, Chief Minister Pema Khandu in a statement today stated that the relationship between Govt. of Arunachal Pradesh and NABARD, particularly during the last one-year has been wonderful. He thanked NABARD Arunachal Regional Office for its significant support to the state government.
“Be it financial support for creation of rural infrastructure under RIDF, or efforts on financial inclusion front in form of launching of first mobile financial inclusion van in the state, NABARD has always been ready to help the state of Arunachal,” Khandu said.
He also appreciated NABARD for supporting more than 500 awareness programmes, channelizing subsidy for 3 flagship programmes of the state government in addition to other Central Sector Schemes. He lauded NABARD for its contribution during pre-budget planning exercise of the State Govt. by giving special focus for budgetary support to develop the Agri and Allied sectors of the State.
It may be mentioned that the financial assistance from NABARD under RIDF to the state of Arunachal Pradesh for creation of Rural Infrastructure was started in the year 1999-2000. With this year’s sanction of Rs 33619.50 lakh, the cumulative sanction from NABARD to State Government under Tranche V (1999-2000) to Tranche XIII (2017-18) has reached Rs 179910.89 lakh for construction of 186 rural infrastructure projects.
The completion of above projects will help the State Government to achieve the connectivity of rural road network of 1630.66 KMs, rural bridges length of 4359.52 meters, 22 projects of drinking water supply with capacity of 3.34 MLD, 03 new schools, 04 projects of flood protection works and six 33 KV projects for augmenting the transmission network in the State.