Assam, NABARD and Assam Infrastructure Financing Authority inks MoU to spice up infra initiatives

Assam, NABARD and Assam Infrastructure Financing Authority inks MoU to spice up infra initiatives

In a transfer to make stronger execute growth initiatives within the state, Government of Assam, NABARD and AIFA (Assam Infrastructure Financing Authority) inked an MoU.

It could also be famous that the MoU includes Rs.13200 crore will basically be used for infrastructural growth for NABARD Infrastructure Development Assistance (NIDA) and Rural Infrastructure Assistance to State Government (RIAS) in rural and semi city areas throughout the state.

Chief Minister Himanta Biswa Sarma termed the day historic as he hoped that it will usher in new period of growth within the state. He additionally mentioned that the MoU would launch a sequence of capital-intensive initiatives to result in paradigm shift within the growth narrative of the state.

Sarma mentioned that the MoU which is able to witness pumping in Rs. 13200 crore for bringing about infrastructural growth significantly with regard to educational panorama of the state amongst different sectors throughout the state can even promote and construct an infrastructural empowerment narrative. Giving a snapshot of all of the infrastructural growth works which will likely be offshoot of the MoU, Sarma mentioned that engineering schools, medical schools, universities, faculties, stadia, tourism centres, chilly storages can be constructed within the state over the following three years.


Minister Finance and so forth. Ajanta Neog who additionally spoke on the event mentioned that as an offshoot to the MoU, varied capital intensive initiatives will likely be launched which is able to steer the state to a brand new path of growth. Deputy Managing Director NABARD PVS Suryakumar talking on the event thanked Chief Minister Sarma for accepting the proposal of the NABARD and setting the stage for signing the understanding inside a really brief interval.

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