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NABARD Sanctions 127 Projects Valued at ₹903.21 Crore in Himachal Pradesh.

Economy Business | Dated: 07 Feb 2025

The National Bank for Agriculture and Rural Development (NABARD) has approved 127 projects worth ₹903.21 crore for Himachal Pradesh (HP) for the fiscal year 2024-25. Chief Minister Sukhvinder Singh Sukhu announced this during a meeting with MLAs from Kangra, Kullu, and Kinnaur districts to discuss budget priorities for 2025-26.

🎯 Key Highlights:

  • - The approved projects include 50 MLA-priority schemes under the Public Works Department (PWD), amounting to ₹412.75 crore.
  • - Additionally, 23 schemes under Jal Shakti Vibhag have been sanctioned with a total allocation of ₹179.07 crore.
  • - Further allocations include ₹70 crore for the beautification of Palampur city, ₹135 crore for sewerage projects, and funding for the construction of a heliport in the region.

💡 Other Important Facts:

  • (i) Key initiatives include the establishment of a dairy processing plant with a capacity of 1.5 lakh liters per day at Dagwar in Kangra district. Additionally, 96 electric bus charging stations will be installed to promote eco-friendly transportation.
  • (ii) The state government plans to secure approval for additional MLA-priority projects from NABARD by March 2025. For the fiscal year 2024-25, ₹1,087.77 crore has been allocated under the Rural Infrastructure Development Fund (RIDF), marking a 5.28% increase from the previous year.

📚 Test Your Knowledge:

Which organization recently sanctioned 127 projects worth ₹903.21 crore in Himachal Pradesh?

Correct Answer: NABARD

🚀 Quick Recap: