Bhubaneswar, January 21: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned financial assistance of Rs 951 crore to Odisha Government under Rural Infrastructure Development Fund (RIDF).
The fund has been sanctioned for construction of 176 rural road projects to be implemented by the State Rural Development Department in all the 30 districts of the State.
The Road projects with a combined length of 1,434 KM will improve rural road connectivity for 9.92 lakh people in 959 villages, sources said.
This sanction is on the line of priority fixed by the State Government for developing critical rural infrastructure for drinking water supply, irrigation and rural connectivity, including road and bridge.
With this sanction, the cumulative sanction under RIDF XXVII reached a level of Rs 3,852 crore for the current financial year and the total cumulative sanctions since inception of RIDF has crossed Rs 32,000 crores for Odisha.
Recently, the NABARD has has projected State’s overall credit potential under priority sector at Rs 1,34,665 crore for the financial year 2022-23.