RS 660 crore sanctions for NABARD projects

Chandigarh/July 2
Punjab government on Tuesday approved Rs 660 crore various projects under NABARD schemes for the current fiscal year.
Punjab’s Chief Minister Prakash Singh Badal gave in principle approval after a meeting with a 7-member team of NABARD led by its Regional Chief General Manager Naresh Gupta.
“These projects include construction and upgradation of roads worth Rs 380 crore, Drinking Water Supply RO system worth Rs 140 crore, revamping of Canals and Drains network Rs 100 crore, setting up of Sewerage Treatment Plants (STPs) worth Rs 30 crore and farmers’ contributory project of Brick lining of the water courses worth Rs 11 crore,” a Punjab government spokesperson said, adding that Badal had asked them to prioritize all these projects in coordination with the state government.
Badal also expressed concern over the rapidly depleting ground water in the state and asked the Irrigation deptt to prepare a comprehensive plan to recharge the same and sought NABARD’s support to fund this robust task.
Badal asked principal secretary finance to regularly monitor the progress of projects funded by NABARD and assured the Chief General Manager that all the sanctioned funds under various schemes would be optimally utilized.
Meanwhile, Naresh Gupta said that NABARD had approved Rs 12 crore to 320 Agricultural societies to advance subsidized loans for the purchase of tractors and other agricultural implements and it has also launched a unique funding scheme for Farmer clubs to bring awareness amongst them besides funding self help groups of women for capacity building.