NABARD sanctions over INR 85 crore under RIDF scheme to Goa during 2020-21

MUMBAI, 30 October 2020: NABARD has sanctioned loans worth INR 85.04 crore under Rural Infrastructure Development Fund (RIDF) to the Government of Goa for various Social Infrastructure Projects in the State.

With this, NABARD achieved 100 percent of the target fixed for sanction to the State Government during 2020-21; Usha Ramesh, General Manager/OiC, NABARD said.

She further stated that RIDF was  instituted in NABARD with the sole objective of giving low-cost support to State Governments and State-owned Corporations for quick completion of projects related to medium and minor irrigation, soil conservation and other forms of rural infrastructure.

The social infrastructure created out of the projects sanctioned to sewerage, biodigester toilets, drinking water distribution, primary health center, etc. in the State would definitely help not only the standard of living of the people in the state but also would contribute to Prime Ministers ‘ Swachh Bharat Mission’.

Image credit: The Hindu Businessline