Himachal to get INR70.24 crore for rural development | SupportBiz

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Himachal to get INR70.24 crore for rural development

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned INR70.24 crore for rural infrastructure development in Himachal Pradesh, an official said. Funds have been sanctioned for black topping of 11 roads in Sirmaur, Kangra, Bilaspur, Shimla and Solan districts, besides the construction of six rural roads, a spokesperson for the bank told IANS.

He said that funding of INR20 crore for two bridges, located in Kangra and Mandi districts, has also been sanctioned. The state Public Works Department would implement the projects.

The funds were sanctioned for six minor irrigation projects in Bilaspur, Kangra and Kullu districts and two flood protection projects in Kangra and Solan districts.

Himachal Pradesh has been demanding a cut in the interest rate on the NABARD loans, saying that high rates would hit rural projects. The issue was also raised by Chief Minister Prem Kumar Dhumal with the Planning Commission.