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Chief Secy reviews Rs 4,303 crore RIDF projects across J&K
['Rk News']
Rising Kashmir
The meeting was attended by Additional Chief Secretary, Agriculture Production Department; Additional Chief Secretary, Public Works (R&B); Additional Chief Secretary, Finance; Director General, Resources; Chief General Manager, NABARD; and senior officers from Health, Jal Shakti and other concerned departments.
The Chief Secretary emphasised that RIDF has emerged as one of the most significant sources of institutional finance for strengthening rural infrastructure in Jammu and Kashmir.
Additionally out of the total sanctioned projects, 157 projects have been completed, while 751 projects are presently under execution.
It was informed that the Public Works Department (PWD) accounts for the largest share with 660 projects involving a total loan assistance of Rs 2,987.25 crore, followed by the Jal Shakti Department with 36 projects worth Rs 491.93 crore, the Agriculture Production Department (APD) with 110 projects involving Rs 414.27 crore, the Horticulture Department with 19 projects worth Rs 104.52 crore, the Animal/Sheep Husbandry & Fisheries Department with 63 projects amounting to Rs 190.14 crore, and H&ME with 20 projects involving Rs 114.97 crore.
Overall, 908 projects with a cumulative loan assistance of Rs 4,303.08 crore have been sanctioned under RIDF Tranches XXVIII to XXXI, against which Rs 2,301.48 crore has been disbursed.