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The Assam govt., NABARD, and AIFA struck a deal to expedite the execution of development projects

  by NEWSNER , 2021-08-06 13:16:40


The Assam govt., NABARD, and AIFA struck a deal to expedite the execution of development projects

 

A Memorandum of Understanding (MoU) was signed by the Assam government, NABARD, and the Assam Infrastructure Financing Authority (AIFA) to speed up the implementation of development projects in the state.

 

On Wednesday, the MoU was inked in the presence of Chief Minister Himanta Biswa Sarma. The MoU, which has a stake of Rs 13,200 crore, would primarily be utilised for infrastructural development in rural and semi-urban areas of the state through NABARD Infrastructure Development Assistance (NIDA) and Rural Infrastructure Assistance to State Government (RIAS).

 

 

On the occasion, the chief minister said that the "day was historic" and that he believed it would usher in a new age of progress in the state.

 

Sarma also stated that the state would launch a series of capital-intensive initiatives in order to transform the state's development narrative.

 

According to Sarma, the injection of Rs 13,200 crore will result in infrastructural development, particularly in the state's academic sector.

 

Over the next three years, engineering colleges, medical colleges, universities, schools, stadiums, tourism centres, and cold storages will be established in the state, he continued.

 

Assam Finance Minister Ajanta Neog stated at the event that the MoU will result in the commencement of a number of capital-intensive projects that will lead the state along a new road of growth.

 

P V S Suryakumar, NABARD's Deputy Managing Director, commended the chief minister for adopting the NABARD's proposal and laying the stage for the signing of the MoU in such a short time.

 

Source: https://government.economictimes.indiatimes.com/news/governance/assam-govt-nabard-aifa-sign-mou/85061697