Assam, NABARD and Assam Infrastructure Financing Authority ink MoU to boost infra projects

In a move to give a boost to execute development projects in the state, Government of Assam, NABARD and AIFA (Assam Infrastructure Financing Authority) inked an MoU.

It may be noted that the MoU involves Rs.13200 crore will essentially be used for infrastructural development for NABARD Infrastructure Development Assistance (NIDA) and Rural Infrastructure Assistance to State Government (RIAS) in rural and semi urban areas across the state.

Chief Minister Himanta Biswa Sarma termed the day historic as he hoped that it would usher in new era of development in the state. He also said that the MoU would launch a series of capital-intensive projects to bring about paradigm shift in the development narrative of the state.


Sarma said that the MoU which will witness pumping in Rs. 13200 crore for bringing about infrastructural development particularly with regard to academic landscape of the state among other sectors across the state will also promote and build an infrastructural empowerment narrative. Giving a snapshot of all the infrastructural development works which will be offshoot of the MoU, Sarma said that engineering colleges, medical colleges, universities, schools, stadia, tourism centres, cold storages would be built in the state over the next three years.

Minister Finance etc. Ajanta Neog who also spoke on the occasion said that as an offshoot to the MoU, various capital intensive projects will be launched which will steer the state to a new path of development. Deputy Managing Director NABARD PVS Suryakumar speaking on the occasion thanked Chief Minister Sarma for accepting the proposal of the NABARD and setting the stage for signing the understanding within a very short period.