NABARD Sanctions Rs 400.64 cr to Boost Infrastructure in J&K

NABARD Sanctions Rs 400.64 cr to Boost Infrastructure in J&K

• The National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 400.64 crore to the Union Territory of Jammu & Kashmir for 2019-20 to give boost to the infrastructure in the rural areas.
• The funding is a part of the NABARD’s ‘Rural Infrastructure Development Fund (RIDF) XXV’ which aims at enhancing rural infrastructure.
• The fund sanctioned includes:
  • Rs 209.87 crore – for construction of 82 rural roads and 03 bridges
  • Rs 143.66 crore – for implementation of 38 water supply schemes
  • Rs 47.11 crore – towards improving the Animal and Sheep Husbandry sectors