Nabard sanctions Rs 691.60 cr to TN under rural infrastructure development fund

Chennai:

National Bank for Agriculture and Rural Development has sanctioned loans worth Rs 691.60 crore to Tamil Nadu during 2012-13 under its Rural Infrastructure Development Fund.

The funds will be used for executing infrastructure projects in various sectors covering warehousing facilities like rural godowns, cold storages and comprehensive infrastructure facilities like Ooranies (Dug out ponds for drinking water), sanitary complexes, pay and use toilets, fish landing centers, fish seed farms, irrigation and rural connectivity.

The loan sanctioned includes an amount of Rs 151.20 crore sanctioned  exclusively for creating warehousing infrastructure by establishing 1,124 godowns with a total storage capacity of 1.694 lakh tonnes and 20 cold storages with a total storage capacity of 500 tonnes.

These godowns will be established at select regulated markets, primary agricultural co-operative societies (PACS) and agricultural produce co-operative marketing societies (APCMS) all over the state.

A total amount of Rs 179.60 crore has been sanctioned for development of 234 ooranies in 143 town panchayats in 27 districts, improvement of 376 sanitary complexes in 244 town panchayats in 29 districts and construction of 11 marine fish landing centers and 12 fish seed farms in 13 districts.

On completion, these projects will benefit 648 villages comprising of 18.04 lakh  rural population.

Similarly, an amount of Rs 92 crore has been sanctioned for construction of bed dams across Vaigai river to feed Maranadu tank and nine other tanks at Ladanendal village in Manamadurai taluk, Parthibanur big and small tank, Vannikudi tank and other two tanks at Athanur village in Manamadurai taluk in Sivaganga district.

The funds will also be utilized for rehabilitation of damaged shutters of upper anicut (barrage) across Cauvery river in Elamanur village of Srirangam taluk in Trichy district, construction of cement check dams at Kosasthalaiyar near Thirukandalam village in Uthukottai taluk in Thiruvallur district and upgradation of Peikulam, Pottaikulam and Korampallam reserve tanks in Tuticorin district. On completion, these projects will benefit an ayacut area of 6626.20 ha.

An amount of Rs 268.80 crore has been sanctioned for reconstruction of 121 rural bridges in 29 districts, improvement of 366 rural roads in 292 town panchayats in 30 districts of Tamil Nadu. On completion, these projects will benefit 1505 villages comprising of 34.55 lakh  rural population.