NABARD sanctions Rs 30.61 cr for Haryana godowns | chandigarh | Hindustan Times
Today in New Delhi, India
May 29, 2017-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

NABARD sanctions Rs 30.61 cr for Haryana godowns

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs 30.61 crore to Haryana State Warehousing Corporation for construction of nine foodgrain godowns with storage capacity of 97,796 tonnes

chandigarh Updated: Mar 14, 2013 15:55 IST

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs 30.61 crore to Haryana State Warehousing Corporation for construction of nine foodgrain godowns with storage capacity of 97,796 tonnes.


These facilities will be set up in Jind, Hisar, Kaithal, Palwal, Karnal and Panipat under Rural Infrastructure Development Fund (RIDF)- XVIII 2012-13, said K Sayeed Ali, Chief General Manager, NABARD (Haryana).

"The construction of these godowns will benefit farmers of 24 villages attached to nine mandis of these districts, storing food grains harvested by the farmers in a scientific and hygienic manner," he said.

The construction of new godowns shall reduce post harvest losses of grains to an extent of about 6 per cent. The implementation of project by HSWC will also generate about 6.12 lakh man-days of non-recurring employment and around 51 man-days recurring employment, he said.

With this, NABARD has sanctioned RIDF loan of Rs 348 crore till date during 2012-13.

The total RIDF assistance sanctioned to the state government and HSWC under RIDF, since inception of RIDF in 1995-96, has now reached to Rs 3,857 crore and an amount of Rs 2,507 crore has been disbursed.