(a) whether the Government has provided Rural Infrastructure Development Fund (RIDF) to National
Bank for Agriculture and Rural Development (NABARD) under flood control; and
(b) if so, the details of the assistance given in this regard to the States during the current financial year?
THE MINISTER OF STATE IN THE MINISTRY OF WATER RESOURCES
(SHRI JAI PRAKASH NARAYAN YADAV)
(a)&(b) The Rural Infrastructure Development Fund (RIDF) was set up with NABARD in 1995-96 by Government
of India with contributions from Commercial Banks by way of deposits to the extent of shortfall in their agriculture/
priority sector lending. A portion of shortfall in agriculture sector lending target of 18% of net bank credit is being
deposited by the Commercial Banks with NABARD as part of their contributions to the RIDF.The purpose of the
fund is for assisting State Governments in the completion of ongoing Rural Infrastructure Projects and to take up
new Infrastructure Projects. Flood Control is an eligible activity for funding under RIDF.During the current financial
year (2007-08), no project has so far been sanctioned for control of floods as reported by NABARD, Mumbai.