Nabard disburses Rs 16,500 crore under RIDF in first 10 mont

Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21


Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21
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Last Updated: Feb 06, 2021, 04:13 PM IST
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Synopsis
"In FY21, the sanctions to the RIDF stood at Rs 30,200 crore as against the corpus of Rs 30,000 crore. The disbursement for the current financial year as on January 31, 2021 stands at Rs 16,500 crore," Nabard chairman G R Chintala said in a statement.
Agencies
Chintala noted that the increased allocations to both the funds will help push rural infrastructure projects across states.
Mumbai: The National Bank for Agriculture and Rural Development (Nabard) on Saturday said it has sanctioned Rs 30,200 crore and disbursed Rs 16,500 crore for various rural infrastructure projects across the country under the Rural Infrastructure Development Fund (RIDF) in the first 10 months of the current financial year. The RIDF, which was set up in 1995, is a dedicated fund to create social assets in rural India.

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