News:National Bank for Agriculture and Rural Development(NABARD) has sanctioned Rs 400 crore to UT of J&K under Rural Infrastructure Development Fund(RIDF).
- The Rural Infrastructure Development Fund(RIDF) was set up by the Government of India in 1995-96 for financing ongoing rural Infrastructure projects.
- The Fund is maintained by the National Bank for Agriculture and Rural Development(NABARD).
- The main objective of the Fund is to provide loans to State Governments and State-owned corporations to enable them to complete ongoing rural infrastructure projects.
- The activities to be financed under RIDF as classified under three broad categories namely a) Agriculture and related sector b) Social sector and c) Rural connectivity.