Punjab: NABARD releases Rs 400 crore for rural infrastructure

Chandigarh, November 29 ( p2p ) :  AnirudhTewari, Chief Secretary, Government of Punjab chaired the High-Powered Committee meeting , today .  In the meeting, C Sreviewed the rural infrastructure projects sanctioned by NABARD under RIDF and other concessional schemes in the State. The meeting was coordinated by   KAP Sinha, Principal Secretary, Finance, Govt of Punjab. The meeting was attended by Principal Secretaries&Secretaries of Administrative Departments and HoDs from different departments. NABARD team was led by Dr Rajiv Siwach, Chief General Manager, NABARD Punjab.

CGM NABARD apprised that during the current financial year as against the target of Rs.750 crore,projects involving loan of Rs 823.06 crore have been sanctioned by NABARD under RIDF in the State which is 49% higher than the previous year and 109% of the current years’ sanction target.CGM, NABARD also informed that during the year projects in diversified fields like large surface-based drinking water projects, additional classrooms, the state-of-the-art dairy infrastructure in BaasiPathana and construction of storage godowns have been sanctioned. Further, an amount of Rs. 400.04 crore has been released to the State in the current financial year for RIDF project.

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Chief Secretary advised all the implementing departments to submit shelf of projects for RIDF XXVIII to FD by 31st January 2022. CGM NABARD requested the implementing departments to speed up the tendering and implementation process, so that the people at large can be benefitted.