Live
- Physics teachers told to inspire students
- Central Bank of India conducts property expo
- Siddhartha College student bags 2nd rank
- Governor expresses grief over demise of Ramamurthy Naidu
- Free coaching to be provided at BC Study Circles in 26 dists
- Previous TTD board looted pilgrims’ money, slams Bhanu
- Will order a detailed probe into TIDCO irregularities: Narayana
- Naidu all praise for Modi
- Indian students' concerns about employment, safety, and visas discourage them from applying to UK universities
- Candlelight Concerts Makes a Dazzling Debut in Hyderabad with Sold-Out 'Tribute to Coldplay' Show
Polavaram to get Rs 2,234 crore extra aid from Nabard
Polavaram to get Rs 2,234 crore extra aid from Nabard
Pegging the due amount from the Centre for the Polavaram Project Authority from April 1, 2014 till date at Rs 7,053.74 crore only, the Union Finance Ministry has recently written to the Department of Water Resources, River Development and Ganga Rejuvenation, clearing the proposal to raise an EBR (Extra Budgetary Resources) for the project to the tune of Rs 2,234.28 crore to Polavaram Irrigation Project (PlP) under the LTIF (Long Term Irrigation Fund) from Nabard
New Delhi: Pegging the due amount from the Centre for the Polavaram Project Authority from April 1, 2014 till date at Rs 7,053.74 crore only, the Union Finance Ministry has recently written to the Department of Water Resources, River Development and Ganga Rejuvenation, clearing the proposal to raise an EBR (Extra Budgetary Resources) for the project to the tune of Rs 2,234.28 crore to Polavaram Irrigation Project (PlP) under the LTIF (Long Term Irrigation Fund) from Nabard.
The Ministry has clarified that the approval was arrived at by the Revised Cost Estimates Committee to the tune of the Department constituted under the Chairmanship of Joint Secretary and Financial Adviser, has appraised the cost of the lrrigation Component only of Polavaram lrrigation Project as on April 1, 2014.
(The funding of the irrigation component of Polavaram Project will be done by borrowing from Nabard.
However, depending on the quantum of fund needed and the budgetary position, the Central Government may decide funding of the irrigation component of the project through the Government of India borrowing).
As per the estimates the revised cost of the Polavaram Project's irrigation component only is at Rs 20,398.61 crore and the same had the approval of the Ministry of Jal Shakti, it said.
