The National Bank for Agriculture and Rural Development (Nabard) on Tuesday sanctioned Rs 58 crore across the state under the Rural Infrastructure Development Fund (RIDF).
Nabard has sanctioned Rs 49.11 crore for the construction of four horticulture degree colleges and Rs 8.91 crore for four polytechnic colleges in eight districts of Andhra Pradesh. The fund will be used to construct college buildings and hostels for the students.
The infrastructure will facilitate horticulture education, research, and technology transfer to the rural economy and the academic needs of the professional diploma and graduate students of horticulture, P Mohanaiah, chief general manager, Nabard, said in a press release.
The colleges will be located in rural areas, the release stated.
