Current Affairs Exam

NABARD grant for 133 rural projects in Cuddalore district

The National Bank for https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture“>Agriculture-notes-for-state-psc-exams”>Agriculture and Rural Development () has sanctioned funds to the tune of 146.64 crore for the implementation of as many as 133 rural Infrastructure projects in Cuddalore district.

In a press release, NABARD District Development Manager Vijay Neehar said that a sum of 34.15 crore had been released under the Rural Infrastructure Development Fund (RIDF) covering various vital infrastructure projects for development of Cuddalore district such as rural roads and bridges, Irrigation, schools and veterinary projects.

According to the release, NABARD has also refinanced 348.20 crore to Cuddalore Cooperative Bank and 155.25 crore to Tamil Nadu Grama Bank for 2020-21. With NABARD grant support, an integrated Watershed Management scheme with Climate mitigation measures is being implemented in Kotteri, Narumanam, Koltankurichi, Thandakaranakuppam and Shri Adivarahanallur in the district.

Salem was one of those districts that exceeded the target of person days last year, generating about 1.24 crore person days against the approved 1.12 crore person days. Kancheepurams performance was said to be impressive in Resources“>Natural Resources management, water conservation and plantation. As many as 174 check-Dams were built.

What was considered significant by the authorities than the increase in the generation of person days was that the MGNREGS ensured the disbursal of 160 crore-185 crore every week to the beneficiaries, proving to be a steady source of support to the rural economy, the official feels.

Exit mobile version