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Nabard sanctions Rs 795.65 crore project to Odisha

Bhubaneswar, July 21: The Project Sanctioning Committee of National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rural Infrastructure Development Fund (RIDF) assistance of Rs 795.65 crore to Odisha.

The project assistance includes an important project for setting up of 5 lakh litre per day (LLPD) milk processing plant by OMFED in Arilo and Govindpur mouza of Cuttack District involving assistance of Rs 232.13 crore. The sanction also includes 5,123 cluster lift irrigation projects under Jalanidhi II and 23 rural roads & bridges.

The sanction of 5 LLPD OMFED plants will not only help in increasing the milk processing and marketing capacity of OMFED thus helping the farmers in getting remunerative price for the milk but also address the old issue of environmental pollution and technological upgradation of the existing plant.

The sanction of 5,123 cluster lift irrigation projects involves an RIDF loan of Rs 129.40 crore for implementation of 1,085 cluster Shallow Tube Wells and 4,038 cluster micro river lift projects under Jalanidhi II programme of the State Government.

Reiterating its commitment to the development of critical rural connectivity in the State, NABARD also sanctioned 18 roads and 05 bridge projects including the bridge project on Mahanadi on Atthamallick – Dholpur road in Boudh district. The sanction of road & bridge projects involved an RIDF assistance of Rs 352.79 crore for development of 179.67 km of road and 3,692.67 mtrs of bridge.

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