Indian government finances road project in Jharkhand, India
3 February 2010The Ministry of Rural Development of India has INR1 billion ($21.6 million) as grant-in-aid under Pradhan Mantri Gram Sadak Yojana (PMGSY) for rural roads in Jharkhand, India.
The released amount will be made available from the special window created in NABARD (National Bank for Agriculture and Rural Development under Rural Infrastructure Development Fund (RIDF) towards payment as part payment of the Ist instalment of Phase-VI for works taken up under Pradhan Mantri Gram Sadak Yojana. The project would be undertaken by Jharkhand Rural Roads Development Agency (JRRDA), the agency executing PMGSY works in Jharkhand.
The grant is towards plan expenditure and will, accordingly, be subject to the provisions laid down from time to time in the PMGSY Guidelines of Pradhan Mantri Gram Sadak Yojana and supplementary directions issued there under.
Pradhan Mantri Gram Sadak Yojana is a 100% centrally sponsored scheme to provide road connectivity in rural areas of the country. PMGSY envisages connectivity to all habitations with a population of 500 persons and above in rural areas and about 250 persons and above in respect of the Hill States, Tribal areas and the Desert Areas through good and all weather roads.
