The Full Form of RIDF is Rural Infrastructure Development Fund.
RIDF: In 1995-96, the Government of India set up RIDF for financing ongoing rural infrastructure projects. The funds released under RIDF are maintained by the National Bank for Agriculture and Rural Development (NABARD).
In 1995-96, the Government of India set up RIDF for financing ongoing rural infrastructure projects. The funds released under RIDF are maintained by the National Bank for Agriculture and Rural Development (NABARD). The main objective of the fund is to provide loans to State Governments and State-owned corporations to enable them to complete ongoing rural infrastructure projects. These funds are provided on a year-to-year basis by the Government of India.
The first tranche of RIDF (RIDF-I) was launched with an initial corpus of Rs 2,000 crore. Under its twenty-fourth tranche (RIDF- XXIV), the government allocated Rs. 28,000 crore.
There are three broad categories of RIDF under which 37 eligible categories are approved by the Government of India. These categories are– Agriculture and related sector, Social Sector and Rural Connectivity.
RIDF
means
Rural Infrastructure Development Fund
Leave a Reply
You must be logged in to post a comment.