(NEWS) UP govt gets Rs 546-crore loan from Nabard

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan of Rs 546.46 crore under the Rural Infrastructure Development Fund (RIDF) to the Uttar Pradesh government for construction and modernisation of 8,200 blast-wells covering eight districts.

Nabard chief general manager DP Misra said since 1995-96, Nabard has sanctioned a cumulative financial assistance of Rs 8,494.46 crore to the state government for executing 22,279 projects.

According to Misra, the blast-well irrigation project in Bundelkhand and the eastern region will help create and restore irrigation to over 24,600 hectare and would beneficial small and marginal farmers.

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Courtesy: financial express