In a significant development, the National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 90 crore for construction of new roads and bridges in Kashmir. The amount will be released to the state government in three annual instalments—1st instalment will be 30 percent of the loan amount, 2nd will be 40 percent and 3rd will be 30 percent. NABARD has sanctioned the loan for construction/upgradation of 25 projects in Kashmir. However the state government has to contribute 10 percent of the sanctioned loan amount from its kitty for…
Read MoreNABARD sanctions Rs 90 cr for roads in Kashmir
