PANJIM: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a huge amount of Rs 344 cr to the Goa Government towards the Rural Infrastructure Development Fund (RIDF) as against its target of Rs 65 crore during the just concluded financial year 2020-21. 

NABARD informed that after a gap of almost 25 years, refinance window for Goa StCB was opened with the disbursement of Rs  20 crore and Rs 5.25 crore under Short Term-Others and Short Term-Seasonal Agricultural Operations, respectively. 

“During FY 2020-21, Goa Regional Office has registered stellar performance both in business areas and developmental front,” NABARD said. Under RIDF, NABARD sanctioned an amount of Rs 344 crore to the state government of which Rs 250 crore was disbursed as against the target of Rs 150 crore. 

Similarly, under NABARD NIDA (NABARD Infrastructure Development Assistance), Rs 64.87 crore was sanctioned while the disbursement was Rs 21.77 crore.  Besides this, funding under the Long Term Irrigation Fund and Fisheries and Aquaculture Infrastructure Development Fund is in the final stages of sanction. 

“An amount of Rs 3.8 crore has been released as Central Government grant assistance for Tillari Irrigation Project,” NABARD said. 

NABARD said the efforts on the developmental front are quite evident with the presence of rural marts across Goa, support for geographical tagging of local produce viz. Kunbi weaving, Mankurad mango, Bebinca, and skill training to the rural populace and setting up of Rural Haat, which is in its final stage.


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