Nabard RIDF outgo to Kerala touches Rs 1503 cr

Thiruvananthapuram, Jan 30 | Updated: Jan 31 2006, 05:30am hrs
Nabard has sanctioned Rs 82.38 crore to the Kerala government under RIDF (Rural Infrastructure Development Fund). These are for projects expected to add Rs 52.76 crore to State gross domestic product (SGDP) annually.

The State government had drawn Rs 823.36 crore from Nabard RIDF, including the latest allotment, taking the overall sanctions to Rs 1503.34 crore. This covers 3554 projects.

The newly sanctioned Rs 82.38 crore is for following projects : 49 roads and four bridges in 13 districts; 65 minor irrigation projects in 10 districts; Palakapandy medium irrigation project (Palakad); fisheries harbour (Neendakara); fisheries harbour (Kayamkulam) and veterinary clinic (Wayanad).

According to BS Shekhawat, chief general manager, Nabard (Kerala), the projects are expected to generate nine lakh recurring jobs annually. This is besides the non-recurring employment of 25.59 lakh mandays during the implementation, he said in a release here.

Kerala draws reimbursement from Nabard RIDF in project costs at the following ratio: 80% for roads and bridges, 85% for health and education, 95% for agriculture, irrigation, watershed and soil conservation.