NABARD today handed over the sanction letter of loan amounting to Rs 19,702 crore and a cheque for Rs 1,500 crore towards the First Instalment of loan disbursement to NWDA in the august presence of the Union Finance Minister Shri Arun Jaitley and Sushri Uma Bharati, Minister of Water Resources, River Development and Ganga Rejuvenation, (MoWR, RD & GR), at a function organised by NABARD in North Block, in national capital today to mark operationalisation of the LTIF.
He said that through LTIF the irrigation potential in the country was expected to go up by 11.
Speaking on the occasion Sushri Uma Bharti said that the identified projects were languishing for want of adequate financial resources for many years and the present government made it its top priority to work out a strategy for funding these projects through the LTIF instituted in NABARD under PMKSY.
Harsh Kumar Bhanwala, Chairman, NABARD stated that this is a milestone moment in Indian agriculture since the LTIF initiative addresses the issue of irrigation water crisis that afflicts Indian agriculture year after year.
Tenders are invited for Local Transportation Infrastructure FeeThe goal of this project is to recommend an LTIF that can be adopted into Title 17 of the City Code to assess development projects on unimproved streets for transportation infrastructure improvements.
Establish the legal basis for the LTIF in the context of Nolan/Dolan, Koontz and other court rulings.