During the year 30,440 projects involving a loan of Rs. 8514.33 crore were sanctioned under RIDF X1 taking the cumulative number of projects to 2,44,651 and amount sanctioned to Rs.51,283.01 crore. Of the total amount sanctioned during the year, rural road and bridge projects for 45.9%, irrigation projects 32.7%, social sector projects 13.5% and others 7.9%. During 2005-2006 the share of social sector and rural road projects in total amount sanctioned increased, while that of irrigation and bridge projects declined. During the year 1000 projects for setting up RKCs in rajasthan involving a loan amount of Rs.10 crore was sanctioned.
Disbursements under RIDF tranches I, II, III were closed as at end-March 2003 and RIDF IV as at end -May 2005. For projects sanctioned under RIDF V - VIII, the implementation period was extended upto 31st March 2006 to enable state government to complete ongoing projects and avail reimbrsemnet of expenditure incurred there against.
During the year disbursements were made to the team of Rs.5,953.32 crores. As per the facing of projects under various tranches (RIDF I to XI), the total amount sanctioned was Rs.44,390 crores against which, disbursements aggregated Rs. 31,337.34 crores. Nine states Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bangal. Accounted for 72% of total disbursements and 70% of total sanctions as on 31st March 2006, the cumulative position of sector wise sanctions as per phasing and disbursements as on 31st March 2006 revealed that disbursements in the case of irrigation, rural road and bridge, social sector, power sector another project constituted 72,74,57,64 and 66% of their sanctions respectively. The state wise analysis of ratio of disbursements to the approved phasing of sanctions as on 31st March 2006 reveals that Sikkim topped with 94% followed by Mizoram 93%, Himachal Pradesh 83%, Jammu and Kashmir 79%, Uttar Pradesh 78%, Punjab 77%, Meghalaya, Rajasthan and Tamil Nadu 76%, Maharastra 74%, Karnatake and Haryana 73% and Madhya Pradesh and Nagaland 71%. Utilisation was very low in Bihar 33%, Jharkand 48%, Tripura 57% and Assam and Manipur 59%. The slow pace of actual utilization of loans under RIDF when compared to sanctions was mainly due to land acquisition problems, delays in terndering process, inadequate budgetary support at the state level, lack of coordination among implementing departments, etc.
The amount of loan sanctioned and disbursed to states in NER aggregated Rs. 658.76 crore and Rs. 234.77 crore, respectively, during the year.
National Bank for Agriculture and Rural Development
