Increase in allocation to the Rural Infrastructure Development Fund (RIDF) to Rs 40,000 crore and doubling of Micro Irrigation Fund announced in the Budget will accelerate the progress of ongoing rural infrastructure projects, Nabard chairman G R Chintala said on Monday. While presenting the Budget 2021-22, Finance Minister Nirmala Sitharaman said, We are enhancing the allocation to the Rural Infrastructure Development Fund from Rs 30,000 crore to Rs 40,000 crore. She also announced to increase the corpus of the Micro Irrigation Fund by Rs 5,000 crore to Rs 10,000 crore. Both the funds are being created under the National Bank of Agriculture and Rural Development (Nabard).