12 August 2016 Current Affairs: National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 26.06 crore to the Punjab government.
The fund has been sanctioned for tackling waterlogging by constructing lift schemes in low-lying areas, village ponds and other allied works.
The project will reclaim 5,913 hectares of land in 87 villages of Muktsar and Fazilka districts.
Once the project is implemented, farmers will be able to cultivate crops in the previously waterlogged areas after a long gap.
With this, the total sanctions to the Punjab government under the Rural Infrastructure Development Fund (RIDF), since its inception, stood at Rs 7,826.17 crore.