NABARD sanctions Rs 951 crore for road projects in Odisha

Bhubaneswar: The National Bank for Agriculture and Rural Development (NABARD) on Thursday sanctioned Rs 951 crore for the construction of 176 rural roads in Odisha.

The assistance has been sanctioned under the the Rural Infrastructure Development Fund (RIDF) for 176 rural road projects in all 30 districts of the state, NABARD chief general manager, Odisha Regional Office, C Udayabhaskar, said in a statement.

The projects with a combined length of 1,434 km will improve rural connectivity for 9.92 lakh people in 959 villages, reported PTI.

These infrastructure projects will play a key role in supporting the rural economy by improving the livelihood of people, Udayabhaskar said.

The national bank has made a cumulative sanction of Rs 3,852 crore for Odisha during the current financial year.