NABARD sanctions Rs 770 crore for two irrigation projects in Jharkhand

The National Bank for Agriculture and Rural Development (NABARD) connected Saturday said it has sanctioned Rs 770 crore fiscal assistance for the operation of 2 irrigation projects successful Jharkhand.

These projects were approved nether the Rural Infrastructure Development Fund (RIDF) for the 2024-25 fiscal year.

"NABARD has sanctioned fiscal assistance of Rs 769.58 crore for operation of 2 irrigation projects successful Palamu and Giridih districts nether Rural Infrastructure Development Fund during FY 2024-25," S K Jahagirdar, Chief General Manager, NABARD Jharkhand Regional Office, said.

Once completed, the task successful Palamu volition supply irrigation to an further 11,000 hectares of onshore done pipelines crossed 8 blocks successful the district.

The megalift irrigation task successful Giridih volition screen 165 of the 197 villages successful Pirtand block, starring to the improvement of 10,158 hectares of cultivable bid area.

Both projects are expected to importantly heighten cultivation activities successful these districts, according to NABARD.

The regular announcement by NABARD came arsenic the authorities is gearing up for assembly elections, expected to beryllium held this year.

The tenure of the existent Jharkhand assembly of 81 members is owed to expire connected January 5, 2025.

"With this sanction, NABARD's enactment to Jharkhand nether RIDF during FY 2024-25 has reached Rs 1,017 crore. The enactment provided to Jharkhand since the inception of the Rural Infrastructure Development Fund present stands astatine astir Rs 24,300 crore," the slope said successful a statement.