As a development finance institution (DFI), the National Bank for Financing Infrastructure and Development (NaBFID), will facilitate cheap capital for public works programmes and projects, says Vinayak Chatterjee, Chairman, Feedback Infra Group & Chairman, Confederation of Indian Industry (CII), National Council on Infrastructure. Like the DFIs created by policymakers in the 1950s for making industrial capital accessible,...
To build 23 roads and four bridges in Kerala, the National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 174 crore to the State Public Works Department (PWD), said the Kerala PWD Minister VK Ebrahim Kunju. Nabard sanctioned the sum in Mumbai recently.
Under its Rural Infrastructure Development Fund-XIX (RIDF-XIX) the National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 175.74 crore to Gujarat. The funds would be used for construction of lift irrigation facility consisting of a 32.90-km pipeline for transmission of 200 cusecs of water in Mehsana district.
For Haryana, the National Bank for Agriculture and Rural Development (NABARD) has extended a loan of Rs 238.65 crore for 21 rural road projects and 14 rural drinking water supply schemes under the Rural Infrastructure Development Fund (RIDF)Â–XIX. According to NABARD, an amount of Rs 221.53 crore has been sanctioned for widening and strengthening of 191.955 km length of rural roads in eight districts like Faridabad, Fatehabad, Jhajjar, Jind, Kaithal, Rewari, Rohtak and Yamunanagar in Haryana.
In Haryana, the National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan of Rs 238.65 crore for 21 road and 14 drinking water projects in Haryana, NABARD (Haryana), Chief General Manager, DV Deshpande said. The loan was approved under Rural Infrastructure Development Fund (RIDF) scheme, he added.
National Bank for Agriculture and Rural Development (NABARD) has stated that it has found no money laundering in co-operative banks, Nabard's Chairman Prakash Bakshi has stated. His statement comes amid
allegations of co-operative banks being used as conduits for money laundering. NABARD jointly regulates co-operative sector banks who lend loans.