NABARD to give Telangana Rs 7000 cr for 11 irrigation projects
Hyderabad, Sep 7: The Telangana government on Sept 6 said National Bank for Agriculture and Rural Development (NABARD) has agreed to extend a loan of Rs 7,000 crore for 11 irrigation projects in the state.
According to a statement issued by the government, T Harish Rao minister for Irrigation today met Union Ministers Uma Bharti, Nitin Gadkari, Radha Mohan and Nirmala Sitharaman in Delhi and apprised them of the issues related to the respective ministries.
"NABARD has agreed to finance Rs 7,000 crore for 11 ongoing irrigation projects. I sincerely thank the Central government for extending loan through NABARD," Harish Rao said in the statement.
The loan is part of the Memorandum of Agreement signed between Ministry of Water Resources, River Development and Ganga Rejuvenation and NABARD for providing central assistance to 99 prioritised irrigation projects under Prime Minister Krishi Sinchayee Yojana (PMKSY). The minister also raised with Bharti the state's water disputes with neighbouring Andhra Pradesh.