NABARD to finance major road projects in Leh

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Srinagar, Mar 31: Jammu and Kashmir government has taken up a number of major road projects in Ladakh region under National Bank for Agriculture and Rural Development (NABARD) at a cost of more than Rs 1.60 crore.

Minister for Industries and Commerce Nawang Rigzin Jora has urged the rural people of Ladakh to take active part in formulation of development schemes so that maximum benefit could percolate to every needy and deserving.

An official spokesman said during his visit to Umla, Mr Jora was briefed that 8 km highway-Umla road is being upgraded at a cost of Rs 1.51 crore under NABARD assistance.

He was informed that the road has been black-topped upto 4 km at a cost of Rs 35 lakh. Besides, the widening, soling and metalling work is in progress.

Besides district plan, funds are being floated under centrally sponsored schemes as well as NABARD and Asian Development Bank (ADB) to execute the schemes, Mr Jora said.

During his visit to Taroo, the Minister inspected Rs 1.10 crore Taroo-Farka road being constructed under NABARD. The Minister was informed that Rs 15 lakh have been spent on upgradation of the road.

The people of Taroo demanded extension of this road upto Onpo.

At Phayang village, the Minister said that assistance has been given to the victims under Indra Awas Yojna whose houses were completely washed away. He said that assistance would be given to the partially damaged households under a special package.


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