NABARD sanctions Rs 335 crore under Rural Infrastructure Development Fund

National Bank for Agriculture and Rural Development has sanctioned an amount of Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to West Bengal.

The fund, allocated in August, would be used for 158 minor irrigation projects and 23 flood protection projects, NABARD said in a statement on Tuesday.

The minor irrigation projects are expected to benefit 20,506 hectares, covering 3.09 lakh population in 699 villages of 22 districts, while the flood protection projects would address the problem of rapid bank erosion caused by rivers, it said.

The implementation of 23 flood protection projects would save around 5,080 hectares of fertile agricultural and homestead lands of farmers of 64 villages, which are under the area of erosion.

With this, the cumulative RIDF loan assistance to the state government during the year stands at Rs 1,172.16 crore, the statement added.

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