Chandigarh: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 144.49 crore to the Punjab government under the Rural Infrastructure Development Fund (RIDF) for two projects.
   
The first project for 'construction of seven rural roads in six districts' of the state has total financial outlay of Rs 82.73 crore and the RIDF loan of Rs 66.17 crore, Krishan Jindal, Chief General Manager, Punjab Regional Office (NABARD) said in a release on Friday.
    
The second project for 'eradication of water logging problem in Muktsar district' of the state has total financial outlay of Rs 83.13 crore and the RIDF loan of Rs 78.32 crore.
   
It envisages construction of new surface, lift and sub-surface drains.
   
He said that when completed, the first project would provide better road connectivity to 164 villages and 25 marketing centres in Punjab.
   
The second project will help in addressing the water logging problem in Muktsar district benefiting 24,680 hectares of agricultural land.

(Agencies)