RURAL INFRASTRUCTURE DEVELOPMENT FUND (RIDF)

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.40,490.95 crore for 2021-22 under RIDF XXVII, the cumulative allocation has reached Rs.418410.52 crore, including Rs.18,500 crore under Bharat Nirman.

Eligible Activities

At present, there are 37 eligible activities under RIDF as approved by Gol. (Annexure I). The eligible activities are classified under three broad categories i.e.
  • Agriculture and related sector
  • Social sector
  • Rural connectivity Eligible Institutions

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 mobilisation 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 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 instalments within seven years from the date of withdrawal, 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 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 type of the project and also location of the State.

Additional Information

  • Cumulative Sanctions and Disbursements
Below is the list of annual and monthly cumulative sanctions and disbursements under RIDF
  • Monthly
  • Annual
  • Monitoring mechanism for RIDF Projects
  • Evaluation Studies
  • Rural Infrastructure Promotion Fund (RIPF)
  • Long Term Irrigation Fund
  • Ongoing Projects
  • Completed Projects

List of Projects under RIDF Tranche - XXVII for the year 2021-22 (Implementing Agency : WBLDCL)

Sl. No. Name of the Projects District Amount (In Lakhs) PIC No. Phasing of Fund Requirement in Lakhs Employment Generation
21-22 22-23 23-24 Direct Indirect Total
1 Commercial Poultry Layer farm at Haringhata Farm Nadia 4000.19 8271900016 500 2000 1400.2 55 550 605
2 Commercial Poultry Layer farm at English Bazar Malda 4000.19 8271900017 600 2000 1400.2 55 550 605
3 Commercial Poultry Layer farm at Mekhliganj Block Coochbehar 4000.19 8271900018 600 2000 1400.2 55 550 605
4 Poultry Layer Breeding Farm at Saltora Bankura 3504 R271900015 400 2000 1104 80 900 980
5 Bio-methanation Plant on Poultry Litter and bio-waste management at Haringhata Poultry Layer Farm Nadia 2458 8271900020 80 2000 378 45 550 595
6 Bio-methanation Plant on Poultry Litter and bio-waste management at Broiler Breeding Farm Jotiyakali Jalpaiguri 2458 8271900021 80 2000 378 45 550 595
7 Bio-methanation Plant on Poultry Litter and bio-waste management at Kalyani Layer Farm (1st Unit) Nadia 2458 8271900022 400 2000 58 45 550 595
8 Cold Chain System for Extension of Marketing of Meat and Meat Products at lslampur Uttar Dinajpur 152 8271900025 25 127 0 32 880 912
9 Cold Chain System for Extension of Marketing of Meat and Meat Products at English Bazar Block Malda 152 8271900026 25 127 0 32 880 912
10 Bio-methanation Plant on Poultry Litter and bio-waste management at Poultry Layer Farm Malda 2458 R271900023 400 2000 58 45 550 595
11 Cold Chain System for Extension of Marketing of Meat and Meat. Products at Alipurduar-I Block Alipurduar 152 8271900027 25 127 0 32 880 912
12 Cold Chain System for Extension of Marketing of Meat and Meat Products at Durgapur-Fardipur Block Paschim Burdwan 152 8271900028 25 127 0 32 880 912
13 Cold Chain System for Extension of Marketing of Meat and Meat Products at Phasidewa Block Darjeeling 152 8271900029 25 127 0 32 880 912
14 Cold Chain System for Extension of Marketing of Meat and Meat Products at Berhampore Block Murshidabad 152 R271900030 25 127 0 32 880 912
15 Cold Chain System for Extension of Marketing of Meat and Meat Products at Tamluk Block Purba Medinipur 152 R271900031 25 127 0 32 880 912
16 Bio-methanation Plant on Poultry Litter and bio-waste management at Kalyani Layer Farm (2nd Unit) Nadia 2458 R271900031 400 2000 58 45 550 595
17 Chicken Processing Plant at Haringhata Nadia 7285 8271900011 339 4000 2885 300 1500 1800
18 200 T.P.D Capacity (Expandable up to 400 T.P.D) Poultry Feed Plant Unit at Kalyani. Nadia 2500.5 8271900019 600 1900.5 0 130 570 700
19 Cold Chain System for Extension of Marketing of Meat and Meat Products Purulia 152 R271900032 25 127 0 32 380 912
TOTAL AMOUNT (IN LAKHS) 38796.07 4760 24916.5 9119.57 1156 14410 15566