Nabard okays Rs 2.14 cr loan for drinking water


The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs. 2.14 crore to the state government for implementation of a drinking water scheme at Lingdok Bazaar in East Sikkim, an official release said today.

The sanctioned loan amounted to 90 per cent of the total cost of the project at Rs. 2.37 crore, the release said.

NABARD has sanctioned a cumulative loan of Rs 6.25 crore in the financial year 2009-10 for three infrastructure development project in Sikkim comprising two road projects and one drinking water project, it said.