THE MINISTER OF FINANCE (SHRI P. CHIDAMBARAM):
(a) and (b) Proposals from various State Governments for loan/financial assistance are
received at NABARD under Rural Infrastructure Development Fund (RIDF). State-wise and
Sector-wise details of proposals received from State Governments for sanction under RIDF-X,
as on 31st March, 2005 are given in statement-I enclosed.
(c) State-wise amount of loan/financial assistance sanctioned and disbursed during the
years 2002-03, 2003-04 and 2004-05 by NABARD is given in statement-II enclosed.
(d) and (e) Disbursement under RIDF is made on the basis of claims made by the State
Government after expenditure has been incurred under sanctioned projects. As per internal
target set by NABARD for disbursements under RIDF, the achievements are 86%, 80.04% and
95.93% during the years 2002-03, 2003-04 and 2004-05 respectively.
(f) Yes, Sir.
(g) The general terms and conditions for utilising the loan amount are, inter-alia,
as under:—
# The State Government shall utilize the loan amount solely and exclusively for
the purpose for which it is sanctioned by NABARD.
# State Government shall execute and complete the projects within such time as
stipulated in the sanction letter.
# The State Government shall adhere to certain stipulations as a pre-qualification
requirement for tendering, such as satisfactory track record of the contractor, adequate
net worth, experience etc. Early completion of the project through redeployment of additional
staff to be ensured by State Government. Maintaining records and furnishing information to
NABARD for satisfactory progress of the projects. State Government shall take all necessary
steps to remove legal/procedural hurdles in implementation of the projects. Quality control
and project monitoring is to be ensured by the project implementing authority. Loans shall
be repaid by State Government to NABARD in accordance with the prescribed repayment schedule.
