NABARD sanctions Rs. 273.06 crore to Andhra Pradesh

     Written by : SMTV24x7 | Wed, Oct 04, 2017, 07:13 PM

NABARD sanctions Rs. 273.06 crore to Andhra Pradesh

Amravati Oct 4: The National Bank for Agriculture and Rural Development (NABARD) on Wednesday has sanctioned an amount Rs. 273.06 crore to the Andhra Pradesh Government under Rural Infrastructure Development Fund (RIDF) for Rural Water supply, Road and Bridge projects.

Out of the total funds sanctioned Rs. 166.51 crore would be utilized for the development of 114 roads and three bridge projects in 12 districts of the state.The projects include laying of new roads in rural areas and widening and strengthening of the existing ones to improve the rural connectivity.Out of the sanctioned projects, 95 roads and two bridge projects will be implemented by the Panchayati Raj Department and the remaining by the Roads and Buildings Department.

Apart from the above, 422 Rural Water Supply projects with an assistance of Rs. 106.55 crore were also sanctioned.The projects will be implemented by the Rural Water Supply and Sanitation Department and upon completion, potable water would be supplied to around 500 habitations in 13 districts of the state.

With the recent funding, the total sanction to the Andhra Government by the NABARD has now touched Rs. 465.45 crore for the year 2017-18.