The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 159 crore to the Orissa government under the Rural Infrastructure Development Fund (RIDF) scheme.
This takes the total fund sanctioned by Nabard to Orissa under RIDF during the current fiscal, so far, to Rs 254 crore.
The bank has sanctioned 28,550 projects with a cost of Rs 283.78 crore, in which the Nabard loan component being Rs 254.97 crore. The normative allocation for the state during the current fiscal is Rs 607 crore, official sources said.
Similarly, from tranche VIII to XIV, Nabard has sanctioned 83,735 projects.