Visakhapatnam: Andhra Pradesh is expected to receive aid worth Rs 4,000 crore from the National Bank for Agriculture and Rural Development (Nabard) under its agriculture refinance scheme. (Agencies)
"An amount of Rs 3,500 crore was given under agriculture refinance to the state in year 2010-11 and for the following fiscal we have set a target of Rs 4,000 crore," Nabard Chief
General Manager P Mohanaiah said here on Wednesday.
He said an amount of Rs 1,400 crore would be provided to AP under its Rural Infrastructure Development Fund (RIDF) for 2011-12 as against Rs 1,237 crore in the previous fiscal.
Stating that the bank had taken up several welfare and development schemes for the rural and girijan people, Mohaniah said it has invested Rs 400 crore for watershed programmes in
rural areas of AP from 2008-09 onwards in sixteen districts under a five-year-programme to provide irrigation water to 4.8 lakh hectares of land across the state.
The bank has taken up about 440 projects in the state and village committees would implement these programmes with the help of technical guidance from experts and people from NGO sector, he said.
The CGM also said the bank has also promoted horticulture development under a seven-year programme and has invested Rs 140 crore, benefiting 38,000 families in the state in girijan areas.
He said for people those who had no land in the agency area, bee keeping programme would be taken up after providing training in the sector for tribals.
Visakhapatnam: Andhra Pradesh is expected to receive aid worth Rs 4,000 crore from the National Bank for Agriculture and Rural Development (Nabard) under its agriculture refinance scheme.