NABARD sanctions Rs 150 crore under RIDF

Hyderabad, Nov 30 (UNI) National Bank for Agriculture and Rural Development(NABARD) today sanctioned Rs 150.27 crore as loan to the Andhra Pradesh Government for implementing comprehensive land development projects.

A press release said here, the projects had been sanctioned under Rural Infrastructure Development Fund (RIDF) by the sanctioning committee at a meeting held in New Delhi, yesterday.

With the present sanction, the aggregate loan sactioned by the NABARD to the State in 2007-08 under RIDF stands at Rs 425.12 crore, the release added.

UNI