Nabard sanctions Rs 795.65 crore project to Odisha


Bhubaneswar, July 21: The Project Sanctioning Committee of National Bank for Agriculture and Rural
Development (Nabard) has sanctioned Rural Infrastructure Development Fund (RIDF)
assistance of Rs 795.65 crore to Odisha.

The project assistance includes an important project
for setting up of 5 lakh litre per day (LLPD) milk processing plant by OMFED in
Arilo and Govindpur mouza of Cuttack District involving assistance of Rs 232.13
crore. The sanction also includes 5,123 cluster lift irrigation projects under
Jalanidhi II and 23 rural roads & bridges.
The sanction of 5 LLPD OMFED plants will not only
help in increasing the milk processing and marketing capacity of OMFED thus
helping the farmers in getting remunerative price for the milk but also address
the old issue of environmental pollution and technological upgradation of the
existing plant.
The sanction of 5,123 cluster lift irrigation projects
involves an RIDF loan of Rs 129.40 crore for implementation of 1,085 cluster
Shallow Tube Wells and 4,038 cluster micro river lift projects under Jalanidhi
II programme of the State Government.
Reiterating its commitment to the development of
critical rural connectivity in the State, NABARD also sanctioned 18 roads and
05 bridge projects including the bridge project on Mahanadi on Atthamallick –
Dholpur road in Boudh district. The sanction of road & bridge projects involved
an RIDF assistance of Rs 352.79 crore for development of 179.67 km of road and
3,692.67 mtrs of bridge.

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