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Telangana to get Rs. 5,000 crore fund for water and irrigation projects
Telangana to get Rs. 5,000 crore fund for water and irrigation projects Telangana is soon to be funded in a big way with the National Bank for Agriculture and Rural Development offering to fund Rs. 5,000 crore over a period of time.
Telangana is soon to be funded in a big way with the National Bank for Agriculture and Rural Development offering to fund Rs. 5,000 crore over a period of time. In 2015-16, the bank is willing to fund Rs. 1,000 crore for the two ambitious projects — Mission Kakatiya (aimed at restoration of all tanks) and Telangana Drinking Water Project.
Jiji Mammen, the bank’s Chief General Manager to make this offer met the Chief Minister K Chandrashekar Rao today.Nabard, to start with, will be funding Rs. 360 crore for Mission Kakatiya this year, which would be increased to Rs. 500 crore in the next fiscal.
The State Government, as part of the Kakatiya programme, plans to restore 45,000 tanks in the next five years and as a tribute to the Kakatiya dynasty rulers who had built the network of irrigation tanks in Telangana, has decided to name the programme as Kakatiya.
From the Nabard Infrastructure Development Fund loan, the drinking water supply project would be funded by Nabard. The Chief Minister said the State Government has decided that from the various irrigation projects being taken up in the State for drinking water, 10 percent would be reserved.
The discussion will progress with more details on March 17 when the Nabard Chairman meets the Chief Minister.