NABARD sanctions Rs 583.89 crores under RIDF X111

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Kolkata, Mar 19 (UNI) NABARD has sanctioned altogether Rs 583.89 crore under Rural Infrastructure Development Fund (RIDF) X111 in West Bengal during the current year, which exceedes the normative allocation of Rs 570 crore.

This includes the recent sanction of Rs 123.23 crore to the state for Mini Hydel Project (Rs 69.01 crore), Rural Industrial Estates (Rs 37.16 crore), Fishing Harbour (Rs 9.30 crore) and construction of SHG Training-cum-Marketing Centre (Rs 7.76 crore).

For hydel power an amount of Rs 69.01 crore had been sanctioned for construction of Mini Hydel Project.

Rammam Intermediate Hydro Power project and Pedong Small Hydro Power Project in Darjeeling district. The projects after commissioning will generate 57.30 million units of electricity.

Construction of three industrial estates in the rural areas for Small and Micro Enterprises with an assistance of Rs 37.16 crore has been sanctioned in Murshidabad, Uttar Dinajpur and jalpaiguri districts of the state. The Industrial estates will provide integrated infrastructure for cottage industry.

Furthermore, an amount of Rs 9.30 crore has been sanctioned for construction of Fishing Harbour for improvement of navigability of Mandarmani Canal Phase 1 in Purba Medinipur district of the state.

Matured SHGs, which have set up micro enterprises/engaged in economic activities need marketing outlets to display their products, develop strong clientele for their products, ensure economics of scale of operation, enable the members to market their goods and at the same time help build an identity/brand for the products.

NABARD has sanctioned a total amount of Rs 7.76 crore for construction of 8 SHG Training-cum-Marketing Centres for the first time in the state in Hooghly, North 24 Parganas and Bardhaman districts. Recurring employment generation is expected to be 16,280 mandays and non-recurring employment generation is expected to be 3.65 lakh man days.

Since the inception of RIDF, NABARD has sanctioned a total of 25,406 projects with a loan component of Rs 4461.53 crore to West Bengal. The major investments which received support for creation of infrastructure in the state include Rural Connectivity, Irrigation and Power.


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