Kolkata: The National Bank for Agriculture and Rural Development (NABARD) on Tuesday said it has sanctioned Rs 334.75 crore in August, under the Rural Infrastructure Development Fund (RIDF), to West Bengal for 158 minor irrigation and 23 flood protection projects. Also Read - Rs 30,000 Crore Additional Emergency Funding Through NABARD: How Will it Help 3 Crore Farmers?
The projects were expected to benefit 20,506 hectares covering 3.09 lakh population in 699 villages of the 22 districts while the flood protection projects would address the problem of rapid bank erosion caused by rivers, according to a statement. Also Read - NABARD Assistant Manager Prelims 2020: Result Announced, Check on nabard.org
The developmental bank 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. Also Read - NABARD Office Assistant Prelims 2020: Result Announced, Check on nabard.org
With this cumulative RIDF loan assistance to the state government during the year stands at Rs 1,172.16 crore.