Saturday, March 24, 2012

Higher interest rates may hit Rs 33k crore rural projects: Nabard

........ Nabard sanctions and releases funds to state governments for building rural roads, bridges, cold storages and irrigation facilities under the Rural Infrastructure Development Fund (RIDF) scheme. Many state governments feel the RBI diktat is going to violate the loan agreement between the two parties. Nabard chairman Prakash Bakshi said he has written to both the government and RBI inviting their attention to this aspect………
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