The Business Bytes
National Bank for Agriculture and Rural Development (NABARD) has sanctioned RIDF assistance of Rs.206 crore to the Odisha Government under Rural Infrastructure Development Fund (RIDF) for construction of 25 rural road projects being implemented by the Works Department, in 11 districts of the State.
These projects with a combined length of 203 km will improve rural road connectivity for 20.48 lakh people in 1723 villages.
This sanction is on the line of priority fixed by the State Government for developing critical rural infrastructure for Drinking Water Supply, Irrigation and Rural Connectivity (Road and Bridge).With this sanction, the cumulative sanction under RIDF XXVII (2021-22) reached a level of Rs.1493 crore.
These infrastructure projects will play a key role in supporting rural economy by improving the livelihoods of people, NABARD said in a statement today.
