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Meghalaya to avail loan of Rs 1,500 cr for infrastructural development

Meghalaya to avail loan of Rs 1,500 cr for infrastructural development

Shillong, Dec 22 (UNI) The Meghalaya government will avail a loan of Rs 1,500 crore under the NABARD Infrastructure Development Assistance (NIDA) for infrastructural development work, official sources said on Wednesday.
The State Cabinet on Tuesday has approved the proposal to avail the loan.
“These are important investments that the state government is making and more importantly these are funds that come after a detailed calculation is being made by NABARD and only the amount that the state deserved we will get,” Chief Minister Conrad Sangma said.

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