Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs.2,000 crore. With the allocation of Rs.28,000 crore for 2018-19 under RIDF XXIV, the cumulative allocation has reached Rs.3,20,500 crore, including Rs. 18,500 crore under Bharat Nirman.
Eligible Activities
At present, there are 37 eligible activities under RIDF as approved by GoI. (Annexure I). The eligible activities are classified under three broad categories i.e.
• Agriculture and related sector
• Social sector
• Rural connectivity
Annexure I - Eligible Activities
Eligible Institutions
• State Governments / Union Territories
• State Owned Corporations / State Govt. Undertakings
• State Govt. Sponsored / Supported Organisations
• Panchayat Raj Institutions/Self Help Groups (SHGs)/ NGOs
(provided the projects are submitted through the nodal department of State Government, i.e Finance Department)
Mode of Finance
NABARD releases the sanctioned amount on reimbursement basis except for the initial mobilization advance @30% to North Eastern & Hilly States and 20% for other states.
Quantum of Loan and Margin/Borrower Contribution
The project for rural connectivity, social and agri-related sector, are eligible for loans from 80 to 95% of the project cost. Cost escalation proposals for certain genuine reasons are considered within two years of sanction.
Rate of interest:
With effect from 01 April 2012, the interest rates payable to banks on deposits placed with NABARD and loans disbursed by NABARD from RIDF have been linked to the Bank Rate prevailing at that point of time.
Repayment period:
Loan to be repaid in equal annual installments within seven years from the date of disbursement, including a grace period of two years. The interest shall be paid at the end of each quarter i.e. 31 March, 30 June, 30 September and 31 December every year, including the grace period.
Penal Interest:
Interest on the overdue interest amount is to be paid at the same rate as applicable to the principal amount.
Security for Loan:
Loans sanctioned would be secured by the irrevocable letter of authority/mandate registered with Reserve Bank of India/any other Scheduled Commercial Bank, Time promissory Note(TPN), Execution of unconditional Guarantee from State Governments (Additionally required for support to State Government sponsored organisations, etc.) and acceptance of terms and conditions of sanction in the duplicate copy of the sanction letter.
Phasing of RIDF projects:
The implementation phase for projects sanctioned is spread over 2-5 years, varying with the type of the project and also the location of the State.
Additional Information
• Cumulative Sanctions and Disbursements
Below is the list of annual and monthly cumulative sanctions and disbursements under RIDF
RIDF - ELIGIBLE CATEGORIES OF PROJECTS
I. Agriculture and related sectors (RIDF loan: 95%)
1. Minor Irrigation Projects/ Micro Irrigation.
2. Soil Conservation.
3. Flood Protection.
4. Watershed Development/ Reclamation of waterlogged areas.
5. Drainage
6. Forest Development.
7. Market Yard, Godown, Mandi, Rural Haat, Marketing Infrastructure.
8. Cold storage, Public/ Joint sector cold storage at various exit points.
9. Seed/ Agriculture/ Horticulture Farms.
10. Plantation and Horticulture.
11. Grading/ certifying mechanisms. testing/ certifying laboratories.
12. Community irrigation wells for the village as a whole.
13. Fishing harbour/ jetties.
14. Riverine Fisheries.
15. Animal Husbandry.
16. Modern Abattoir.
17. Medium Irrigation Projects.
18. Mini Hydel Projects/ Small Hydel Projects (upto 25 MW).
19. Major Irrigation Projects (already sanctioned and under execution).
20. Village Knowledge Centres.
21. Desalination plants in coastal areas.
22. Infrastructure for Information Technology in rural areas
23. Infrastructure works related with alternate sources of energy viz. solar, wind etc. and
energy conservation
24. 5/10 MW Solar Photovoltaic Power Plant
25. Separate Feeder Line 26. Dedicated Rural Industrial Estates
II. Social Sectors (RIDF loan: 85% / Hill States 90%)
27. Drinking Water.
28. Infrastructure for Rural Education Institutions.
29. Public Health Institutions.
30. Construction of toilet blocks in existing schools, specially for girls.
31. "Pay & use" toilets in rural areas.
32. Construction of Anganwadi Centres.
33. Setting up of KVIC industrial estates/ centers.
34. Solid Waste Management and Infrastructure works related with sanitation in rural areas.
III. Rural Connectivity (RIDF loan: 80%/ Hill States 90%)
35. Rural Roads.
36. Rural Bridges.
| Brief Status of Major works | ||||||
| SL No | Source of Fund | No of Schemes | Length (In KM) |
Sanctioned Cost (Rs. In crore ) |
Present Status | Remarks |
| 1 | State Fund (F/Y -17-18) |
112 | 300 | 49.40 | 101 road completed, others on progress | Road under ZP / PS/GP |
| 2 | State Fund (F/Y -18-19) |
47 | 70 | 22.60 | Work order placed - 7 roads Tender for others on progress |
|
| 3 | RIDF -XVIII (F/Y -12-13) |
2 | 11.5 | 8.07 | Completed | Rural Road-1. Market Complex- 1 |
| 4 | RIDF -XIX (F/Y -13-14) |
7 | 33.48 | 17.71 | Completed | Rural Road (All) |
| 5 | RIDF -XX (F/Y -14-15) |
9 | 46.51 | 32.87 | Completed | |
| 6 | RIDF -XXII (F/Y -16-17) |
1 | 8.14 | 5.42 | On progress | |
| 7 | RIDF -XXIII (F/Y -17-18) |
7 | 31.71 | 22.47 | On progress | |
| 8 | RIDF -XXIV (F/Y -18-19) |
1 | 5.88 | 3.90 | Tender under process | |
| Status of Progress of Road Constructed /Upgrades /Repair from State Fund (Head of account 40-2515-00-196-SP-009-31-02-V) for 2017-2018 |
|||||||||
| Name of District | Roads taken up | Roads Constructed | Roads under Progress | Fund Alloted (in Crore ) |
Fund Utilized (in Crore ) |
Balance Fund (in Crore ) |
|||
| No | Length (in KM) |
No | Length (in KM) |
No | Length (in KM) |
||||
| Purba Bardhaman | 112 | 300.00 | 101 | 277.00 | 11 | 23.00 | 49.40 | 41.30 | 8.10 |
| Status of Progress of Road Constructed /Upgrades /Repair from State Fund (Head of account 40-2515-00-196-SP-009-31-02-V) for 2018-2019 |
||||||||||
| Name of District | Roads taken up | Roads Constructed | Roads under Progress | Fund Alloted (in Crore ) |
Fund Utilized (in Crore ) |
Balance Fund (in Crore ) |
Remarks | |||
| No | Length (in KM) |
No | Length (in KM) |
No | Length (in KM) |
|||||
| Purba Bardhaman | 47 | 70.00 | 0 | 0.00 | 9 | 0.00 | 22.60 | 0 | 22.60 | Tender invited for all works, but could not be finalized for MCC. |
| STATUS REPORT OF RIDF SCHEMES (AS ON APRIL-2019) | |||||||
| Head of Account (Name of Scheme) | Name of Work | Sanctioned Cost (Rs. in Lakhs) |
Awarded Cost (Rs. in Lakhs) |
Fund Released from NABARD. | Fund Utilised (Rs. Lakhs) |
Physical Progress in % | Remarks |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| RIDF-XXIV | Construction of Road from Jamalpur Poolmatha to Dadpur within Jamalpur Block (5.880 KM) | 390.07 | Tender under process. | ||||
| RIDF-XXIII | Construction of the Road from Kalinagar Ghat to Gayespur Collectorate Road Within Kalna-I Block (7.75 KM) (PIC No-P 201810000000000337) | 552.42 | 484.77 | 88.39 | _ | 60% | Work on progress |
| Construction of the Road from Masundi more to Rajur village within Ketugram-I Block (3.59 KM) (PIC No-P 201810000000000338) | 236.05 | 208.15 | 37.77 | _ | _ | ||
| Construction of Road from Gopalpur to Milikpur via Jonara Simdal under Bardhaman-I Block (4.675 KM) (PIC No-P 201710000000000304) | 290.92 | 279.03 | 46.55 |
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