Tuesday, February 4, 2014

TN to be one of the beneficiary of Nabard’s Rs 1,112 cr warehouse fund

Chennai:
Tamil Nadu will be one of the beneficiaries of the National Bank for Agriculture and Rural Development (NABARD) sanctioned  Rs 1,112 crore for creation of 1,336 warehouses in India.
A Nabard release stated that a recent Project Sanctioning Committee of NABARD has sanctioned Rs 1,112 crore for state government and state government corporations in Haryana, Kerala, Punjab, Gujarat, Tamil Nadu, Tripura and West Bengal, which will create 7.5 lakh MT of additional storage space.
Cumulatively, NABARD has sanctioned Rs 5,830 crore under Rural Infrastructure / Warehousing Infrastructure Fund creating an additional capacity of 16.3 million MT as against 35 million MT intended to be established under 12th Five Year Plan, A NABARD release stated

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