Comments
National Bank for Agriculture and Rural Development (Nabard) will extend Rs 360-crore financial support to both Mission Kakatiya and drinking water project of the Telangana Government.
A decision to this effect was conveyed by Nabard officials to Chief Minister K Chandrasekhar Rao here. The bank would release Rs 360 crore for Mission Kakatiya in the current year which will go up to Rs 500 crore during the next financial year.
The drinking water supply project would be funded from Nabard Infrastructure development fund as part of RIDF (Rural Infrastructure Development Fund) loan.
The project should be phased out into smaller phases so that they can put up every year some funds. Starting from Rs 1,000 crore during the financial year 2015-16, NABARD has agreed to fund Rs 5,000 crore for the entire scheme.
Comments
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.