NABARD allocates Rs 900 crore to Karnataka under RIDF

In the first phase, it has sanctioned a loan of Rs 113.70 crore to the state government for construction of 354 roads stretching 510 Kms and 22 bridges of 424 meters

The National Bank for Agriculture and Rural Development (NABARD) has allocated Rs 900 crore for various rural and agricultural infrastructure projects in Karnataka.

In the first phase, NABARD has sanctioned a loan of Rs 113.70 crore to the state government under Rural Infrastructure Development Fund (RIDF XIX), for construction of 354 roads stretching 510 Kms and 22 bridges of 424 meters. These roads and bridges are expected to benefit over 4 million rural people in 29 districts of the state, NABARD said in a statement.

Further, they will connect 1,006 villages with 404 marketing centres and generate non-recurring employment to the tune of 3.60 million man days and recurring employment of 288 jobs per year.

NABARD also sanctioned funds for 136 Anganwadis in 25 districts, which would improve health and literacy level of the people in 136 villages of the state.