NABARD sanctions Rs.4013 crore under RIDF for critical rural infra development in Odisha

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Bhubaneswar: NABARD has sanctioned financial assistance of Rs.4013 Crore to the Government of Odisha, the highest in the country, for critical rural infrastructure development in the state under Rural Infrastructure Development Fund (RIDF) during the FY 2021-22.

During the year, a major thrust has been given to the improvement in the rural connectivity sector in the State (RIDF assistance of Rs.2568 crore constituting around 64% of total sanction of the state) through the construction of rural roads and bridges. These projects are expected to benefit more than 10.00 lakh people in the State by way of creating/upgrading the road and bridge length of 2000 km and 17.13 km respectively.

The Drinking water sector has also been given due importance through the financial assistance of Rs.840 crore for 09 Mega Piped Water Supply Projects aimed at providing clean, treated, and safe drinking water at the doorstep to approx. 17 lakh rural population across the state. Similarly financial assistance of Rs. 605 crore has also been extended for various infrastructure development in Agri allied and irrigation sector. Some of the notable projects sanctioned during the year include the Kusumi irrigation project, the Livestock vaccine production unit at OBPI (Berhampur), and other projects such as cluster lift irrigation projects under BKVY & Jalanidhi scheme, flood protection projects, etc.

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 the sanction under the current year, the total cumulative sanctions since the inception of RIDF has crossed Rs. 32,100 crores for Odisha.

These infrastructure projects will play a key role in supporting the rural economy by improving the livelihoods of people.

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