NABARD sanctions Rs 241-crore loan
Thiruvananthapuram: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs 241 crore to Kerala under the Rural Infrastructure Development Fund (RIDF) for implementing 77 rural projects.
A total of 58 projects in the education sector and 19 projects in the rural connectivity sector together have an outlay of Rs 304 crore.
A flagship programme of upgrading 52 government upper primary schools in 10 districts to high schools is among the projects which have been approved. In each school, infrastructure will be developed through a uniform project at a cost of Rs 2.58 crore.
NABARD will provide support to the tune of Rs 2 crore and the balance will come from Rashtriya Madyamik Shiksha Abhiyan (RMSA). It is expected that about 30,000 students will get the benefit out of these projects at a time.