Question: Recently NABARD has sanctioned Rs 400Cr to which State/ Union Territory?
(a) Jammu & Kashmir
(b) Assam
(c) Jharkhand
(d) Madhya Pradesh
Answer: (a)
Related facts:
- National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of 400.64 crore rupees to UT of J&K during the current financial year for giving boost to the infrastructure in the rural areas.
- The funding is a part of the NABARD’s ‘Rural Infrastructure Development Fund (RIDF)-Trench XXV’ which aims at augmenting rural infrastructure.
Background:
- Earlier in 2020, NABARD has sanctioned Rs.209.87 crore for the construction of 82 rural roads and 3 bridges.
- A road length of 291kms has been proposed to be constructed benefiting 9.15 lakh people in 19 districts of UT of J&K.
- The construction of roads and bridges will provide all-weather improved connectivity to 461 remote villages.
- Rs.143.66 crore has been sanctioned for the implementation of 38 water supply schemes.
- The schemes are expected to benefit over 3.54 lakh people across 86 villages in 17 districts of UT of J&K.
- Similarly, NABARD has also sanctioned an amount of Rs.47.11 crore towards improving the Animal and Sheep Husbandry sectors.