Nabard sanctions Rs 23.68 cr to Kerala

Thiruvananthapuram: The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 23.68 crore to Kerala for implementing various rural development projects in the State.

A total of 91 projects come under the Nabard assistance, of which 72 are minor irrigation projects involving a loan of Rs 17.42 crore and to be implemented in Wayanad, Kasargod, Palakkad, Malappuram and Ernakulam districts, according to a statement from Nabard.

These projects will bring 3,710.68 hectares under irrigation thereby enhancing the productivity of various crops.

As many as 62 projects will be executed in the distressed districts of Wayanad, Kasargod and Palakkad.

Road projects

The assistance also includes 19 rural road projects involving a loan of Rs 6.26 crore, which will be implemented by local self-government departments in Kollam, Malappuram, Palakkad and Kasargod districts.

The projects are designed to provide improved connectivity to 33 villages and 44 marketing centres.

All the projects together are expected to generate employment of around 5.76 lakh man-days.