NABARD sanctions Rs.222 cr to Govt of Punjab to augment school infrastructure
Kanwar Inder Singh/ royalpatiala.in
As per official information, National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs.221.99 cr under the Rural Infrastructure Development Fund (RIDF) for construction of 2328 additional classrooms, 762 labs and 648 playgrounds in rural school in all 23 districts of Punjab. In addition to this, 404 integrated science labs, 62 physics labs, 44 chemistry labs 54 biology labs, 103 computer labs and 55 (National Skills Qualification Framework) NSQF labs have also been sanctioned.
These projects envisage benefitting a total of 3.80 lakh students including likely new enrollment of 0.35 lakh students in more than 3500 villages. Presently, there are 632 projects involving RIDF assistance of Rs.686 cr under various stages of implementation by Department of School Education, Govt of Punjab.
ABOUT NABARD
National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament. NABARD, as a Development Bank, is mandated for providing and regulating credit and other facilities for the promotion and development of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas, and for matters connected therewith or incident al there to.
October 3,2022
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