Business Standard

NABARD sanctions Rs 116 crore to Gujarat govt

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BS Reporter Mumbai/ Ahmedabad

National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 116.22 crore to the Government of Gujarat under Rural Infrastructure Development for 'Improvement and Renovation of Fatehwadi Canal System'.

The funds will also be utilized for constructing 45 new tubewells in the command area of Sanand, Dholka, Daskroi and Viramgam talukas.

On completion, the project will provide assured irrigation to an additional area of 6,650 hacatre. It would recharge ground water, solve the drinking water problems and generate additional recurring and non-recurring employment. With this sanction, the total loan assistance under RIDF from NABARD to Gujarat government aggregates to Rs 9,477.05 crore, of which Rs 7,208.72 crore has already been utilised by the Government of Gujarat till date.

 

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First Published: Jul 16 2011 | 12:24 AM IST

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