Northeast News – Meghalaya to seek Rs 1500 crore loan for infra development

by Guwahati_City


The Meghalaya government has sought a loan of Rs 1500 crore from the NABARD for infrastructure development in the state.

The Meghalaya government has sought the loan from NABARD (National Bank for Agriculture and Rural Development) under NABARD Infrastructure Development Assistance (NIDA) initiative.

The Meghalaya cabinet has approved the proposal for availing the loan.

“There are a lot important investments that the state government is making. NABARD will grant us a loan that we deserve after detailed calculations,” Meghalaya CM Conrad Sangma said.

Also read: COVID-19 impacted Meghalaya’s revenue generation: CM Conrad

CM Conrad Sangma informed that the Meghalaya government will take up various infrastructure developments under NIDA funds.

He said that infrastructure in over 40 community and rural development blocks will be developed with the NIDA funds.

“This loan is used for infrastructural development. However, it does not come under the budgetary provision of the state government. It is implemented through public sector undertakings,” CM Conrad Sangma added.

SSA





This News Present You By Guwahatiassam.info With Out any changes as it Publish at the Original Source.

Like Us to Read This Type of News

  • Read More Relevant on ASSAM NEWS | GUWAHATI NEWS | NORTHEAST OF INDIA | TRIPURA | SIKKIM | TOURIST PLACES OF NORTHEAST | NAGALAND | MIZORAM | MEGHALAYA | MANIPUR | ARUNACHAL PRADESH | TOURIST PLACES OF ASSAM

    READ MORE  One more policeman succumbs to bullet injury, death toll mounts to 7 | Guwahati City News

    Related Articles