National Bank for Agriculture and Rural Development (NABARD) has agreed to release Rs 1,000 crore loan to Telangana government’s flagship programme Mission Kakatiya for restoration of minor irrigation tanks in the state, informed government sources.
The national bank had already provided a loan of Rs 725 crore to the irrigation scheme and would now extend another Rs 1,000 crore in phases, the official from the Irrigation department said. Officials said under the programme with a tentative cost of Rs 20,000 crore, more than 46,000 tanks are aimed to be restored in phases.
Telangana government has sought an amount of Rs 5,000 crore from the Centre to the state as central assistance under repair, renovation and restoration of water bodies of Ministry of Water Resources for implementation of the Mission Kakatiya. (INN)