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National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs. 29.87 crore loan to Tamil Nadu under its Rural Infrastructure Development Fund - XVIII for infrastructure projects.
A press release from Nabard quoting Lalitha Venkatesan, Chief General Manager, Chennai Regional Office of Nabard, said Rs 28.37 crore has been sanctioned for construction of 44 of Adi Dravidar and tribal community hostels in 17 districts. These will benefit 2,200 students from 466 villages.
The balance Rs 1.50 crore is for the construction of two godowns in Pudukottai and Karur district to store 3,000 tonnes of agriculture produce.
The cumulative sanction by the bank under RIDF-XVIII for 2012-13 is Rs 1,286.30 crore with Rs 152.70 crore for storage and warehousing facility. Other infrastructure development include rural roads and bridges; irrigation, school infrastructure; strengthening of dug out ponds for drinking water; sanitary complexes and pay and use toilets in rural and semi urban areas; fish farms and jetties for inland and marine fisheries; hostels for backward classes, most backward classes and minorities community students, she said in the release.
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