NABARD Approves Around Rs.446 crores for Drinking Water Projects in Punjab

National Bank for Agriculture and Rural
Development (NABARD) has sanctioned around Rs.446 Crore (i.e.Rs 445.89 Crore) for five large Surface based drinking water projects in Ferozpur, Fazilka, Hoshiarpur and Rupanagar
Districts of Punjab.
i.The funds have been sanctioned under the Rural Infrastructure Development Fund (RIDF).
ii.The project will benefit a rural population of 10.39lakh in 700 villages by providing 70 litres Per capita per day of potable drinking water Through household tap connections.
iii. The Punjab government is leveraging
Centre’s assistance under “Jal Jeevan Mission” With support under RDIF for the benefit of larger Sections of the society.
ABOUT RIDF
•The Government of India had created RIDF In 1995-96 and is maintained by NABARD
•At present, there are 37 eligible activities Under RIDF as approved by Government of India
•The main objective of the Fund is to provide Loans to State Governments and State- Owned corporations to enable them to Complete ongoing rural infrastructure Projects
Jal Jeevan Mission
i.lt was launched on August 15th 2019.
ii.JJM envisages supply of 55 litres of water per person per day to every rural household through Functional Household Tap Connections (FHTC) by 2024.
ii.The Ministry of Jal Shakti is responsible for its implementation.
About NABARD
A statutory body established in 1982
It is fully owned by Government of India
Chairman G.R.Chintala
Headquarters Mumbai

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