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Powered by NABARD, Odisha tops in RIDF performance

Best interview Based English Magazine Bhubaneswar Odisha

Odisha has topped the list of states in terms of performance under the Rural Infrastructure Development Fund (RIDF). The state’s roaring success has been made possible by the unstinted support of the National Bank for Agriculture & Rural Development (NABARD).

A high level meeting on Wednesday took stock of the progress in implementation of RIDF projects. NABARD’s Chief General Manager K C Panigrahi outlined an array of topics for discussion.

The committee further recommended an additional 14,346 projects estimated around Rs 10,328 cr for 2018-19.

Reviewing the performance during 2017-18, Development Commissioner R Balakrishnan directed various departments to expedite raising of their claims to NABARD against the ongoing projects. He further directed to expedite submission of the DPRs (detailed project reports) of the spill over and newly sanctioned projects.

Available data shows that RIDF is being implemented for completion of the ongoing and incomplete infrastructure development projects in the state. The Fund is being supported by RIDF corpus managed by NABARAD and State Government’s own contribution in almost 85:15 sharing basis. During 2017-18, a total number of 14,455 projects estimated to cost around Rs 5514 crore were recommended under RIDF against which 2351 projects of worth Rs 2539 crore were sanctioned. Against this sanctioned amount of around 2539 crore, different departments utilized around Rs 3872 crore during 2017-18 from the state government budgeted funds. It may be pertinent here to mention that claims against RIDF are generally raised to NABARD by the departments after making the actual utilization at the ground level.

NABARD has disbursed around Rs 2512 crore to the state government from RIDF against the claims made by various departments during the year 2017-18 which is highest among all the States at national level. As per the figures presented by NABARD, Odisha tops the list with Rs 2512.36 crore disbursement followed by Gujarat with Rs 2062.91 crore and Rajasthan with Rs1851.39 crore disbursement.

Presently, the infrastructure development projects under RIDF are being implemented through the departments of Agriculture & Farmers’ Empowerment (1485), Water resources (671), Panchayati Raj & Drinking Water (175 nos), Works (6)  and Rural Development making a grand total of 2351 number of projects.  So far around 60 per cent of the projects under RIDF have been completed and balance projects are in progress.

NABARD’s Regional Office, Bhubaneswar has been adorned with Best Performance Award for the year 2017-18 for diversified project lending in which RIDF is a major component.

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