PANAJI
NABARD has sanctioned loans worth Rs 103.16 crore under Rural Infrastructure Development Fund (RIDF) to the government of Goa for various social infrastructure projects in the State, taking the cumulative sanctions to Rs 188.20 crore during 2020-21.
"Considering additional requirements of the State during the year, additional sanctions to the tune of Rs 162 crore are in the pipeline. Similarly, as against the disbursement target of Rs 150 crore, Rs 135 crore has already been disbursed and we are likely to disburse in excess of Rs 250 crore by March 31, 2021," said Usha Ramesh, GM/OiC NABARD, Panaji.
She further stated that RIDF was introduced with the sole objective of giving low-cost funding support to State governments and State-owned corporations for quick completion of projects related to Medium and Minor Irrigation, Soil Conservation and other forms of rural/social infrastructure. The social infrastructure created out of the projects sanctioned to Sewerage, Biodigester toilets, Drinking Water Distribution projects, Primary Health Centres in the State would help not only improve the standard of living of the people in the State but also would contribute to Prime Ministers ‘Swachh Bharat Mission’.
