State gets third largest loan component from NABARD
Rs.1,237 crore sanctioned for rural infrastructure
The National Bank for Agriculture and Rural Development
has sanctioned Rs.1,237 crore under the Rural Infrastructure Development Fund
to the State during 2010-11.
The State occupied third position in the country in terms
of assistance sanctioned under RIDF during the year after Uttar Pradesh and
Meanwhile a loan of Rs.137.02 crore was sanctioned to the
State government in a meeting held on March 29 for construction of 110 rural
roads and 52 rural bridges by the Panchayat Raj Engineering Department at a
total outlay of Rs.173.09 crore and the balance Rs.36.07 crore will be released
by the State.
The major departments which accessed funds from NABARD
under RIDF during the year included the Horticulture Department which got
Rs.372.72 crore for financing Andhra Pradesh Micro Irrigation Project (APMIP)
to cover 1,50,000 hectares under drip and micro irrigation, four horticulture
projects and four polytechnics.
Rural Water Supply and Sanitation department was
sanctioned Rs.237.17 crore for providing drinking water to 12 lakh population
and designed to benefit 15 lakh people by the year 2032.
The other departments that got funds under the RIFD are
Panchayat Raj and Roads and Buildings- Rs.202.13 crore, Panchayat Raj
Engineering Department- Rs.209.85 crore, Rs.75.3 crore for construction of 347
roads and 69 bridges through Roads and Buildings, Women Development and Child
Welfare Department- Rs.50 crore for setting up 1,384 anganwadi centres in 22
districts. Since inception of RIDF in 1995-96, NABARD sanctioned 25,845
projects with a loan component of Rs.13,274.76 crore to the State, according to
P.Mohanaiah, Chief General Manager, NABARD.