Moving ahead with NDA GovernmentÂ´s focus on building infrastructure, Finance Minister Arun Jaitley in his budget speech announced introduction of tax-free infra bonds for railways and roads.Â´We have increased the budgetary allocation to roads & railways,Â´ said Jaitley.
A loan of Rs 64.16 crore to Haryana has been sanctioned by the National Bank for Rural and Agriculture Development (Nabard) Haryana regional office for six rural road projects under the Rural Infrastructure Development Fund (RIDF) in 2013-14.
Under the Rural Infrastructure Development Fund (RIDF XVIII), Karnataka received Rs 236.18 crore loan from the National Bank for Agriculture and Rural Development (Nabard). Through this loan, the state government would carry out 82 minor irrigation projects, 189 rural road projects and 42 rural bridge projects in the state.
Compared to its neighbours, Tamil Nadu and Andhra Pradesh, Karnataka lags behind in both sanctions and disbursal of funds under the Rural Infrastructure Development Fund (RIDF) of the National Bank for Agriculture and Rural Development (Nabard).