NABARD sanctions Rs 97.38 crore for Panam Irrigation Project in Panchmahal

AHMEDABAD: National Bank for Agriculture and Rural Development ( NABARD) has sanctioned 97.38 crore to the government of Gujarat under Rural Infrastructure Fund.

This loan assistance is sanctioned for implementation of phase-II of Panam High Level Canal Project in Panchmahal district.

On completion of the project irrigation facility would be assured to 18,000 ha. of water scarce areas of 75 villages of Godhra, Shakera and Lunawada Talukas. Besides, it would recharge the ground water, solve the drinking water problem and generate additional recurring and non-recurring employment.

With this sanction, the total RIDF loan assistance under RIDF from NABARD to Government of Gujarat aggregates to Rs 9574.43.05 crore out of which, an amount of Rs 7,288.04 crore has already been utilized by the government of Gujarat till date.