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NABARD sanctions 42 crore loan to Arunachal

Written by: Staff
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Itanagar, Aug 31 (UNI) The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 42.73 crore loan to Arunachal Pradesh for implementation of four rural projects in different districts of the state under Rural Infrastructure Development Fund (RIDF) phase III.

The sanctioned project includes the renovation of 15km Napong-Rima-Putak road in Changlang district, 360 meter bridge over Sisri River on Dambuk-Paglam road in Lower Dibang Valley district, 45-meter long bridge over Kidi river between Basar and Nyodu villge and a drinking water supply project at Likabali in West Siang district, official sources informed here today.

About 80 per cent of the total cost would be borne by NABARD, sources informed.

The projects to be implemented by state's Public Works and Public Health Engineering Departments would provide connectivity to about 80 villages and 19 major marketing centers, while the drinking water project would provide potable water to around 5282 villagers.

NABARD has already sanctioned a loan of Rs 68.26 crore to seven rural road projects in the state under RIDF-II with a total project cost of Rs 85.33 crore.

About ten projects of the 56 projects worth Rs 437 crore sanctioned by NABARD to the state under various trenches of RIDF have already been completed, while others were in different stages of completion, sources added.

UNI UPB PP KK AKP1305

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