National Bank of Agriculture and Rural Development (Nabard) has provided ₹20,000 crore to Telangana during the financial year ended March 2021 for various programmes.
According to YK Rao, Chief General Manager, Nabard, Telangana his bank provided ₹13,915 crore to the banks for lending towards crop loans as well as term loans in the State.
Out of this, ₹100 crore was disbursed to the beneficiaries of Nabard-supported watershed areas.
An amount of Rs ₹6,633 crore was provided to the State for creating enabling infrastructure in the rural areas.
Similarly, support was extended to irrigation projects too. Over ₹4,600 crore was sanctioned to Mallanna Sagar reservoir under Kaleshwaram Lift Irrigation Project and an amount of ₹2,394.70 crore was disbursed during FY21.
Further, ₹2,500 crore cash credit was disbursed to Telangana State Civil Supply Corporation for procurement purposes.
“Thus, the total financial support extended by Nabard for various interventions is ₹20,549 crore during the financial year of 2020-21, an increase of 25 per cent compared to ₹16,312.50 crore sanctioned in 2019-20,” the bank said in a release.
![comment](https://assetsbl.thehindubusinessline.com/theme/images/bl-online/1x1_spacer.png)
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.