AP NABARD Schemes for completion of on-going Projects and other schemes Sanction of loans by NABARD under RIDF, LTIF and MIF Payment of Interest for the 2nd quarter ending 30th September, 2020 Orders Issued as per G.O.RT.No. 2400 Dated: 21-09-2020
AP Sanction of loans by NABARD under RIDF, LTIF and MIF Payment of Interest for the 2nd quarter ending 30th September, 2020
In the reference 4th read above, the Assistant General Manager, NABARD has informed that an amount of Rs.78,29,38,220/- (Rupees Seventy-eight crore twenty-nine lakh thirty-eight thousand two hundred and twenty only) is payable to NABARD towards interest for the period from 01st July 2020 to 30th September 2020 in respect of loans outstanding under Rural Infrastructure Development Fund (RIDF) for Rs.64,41,74,441/-, Long Term Irrigation Fund (LTIF) for Rs.7,40,04,296/- and Micro Irrigation Fund (MIF) for Rs.6,47,59,483/- respectively.
Government after careful examination of the matter hereby sanction an amount of Rs.78,29,38,220/- (Rupees Seventy-eight crore twenty-nine lakh thirty-eight thousand two hundred and twenty only) towards payment of interest payable to NABARD for the 2nd quarter ending 30th September, 2020 from the Budget provision 2020-21 in respect of loan outstanding under Rural Infrastructure Development Fund (RIDF), Long Term Irrigation Fund (LTIF) and Micro Irrigation Fund (MIF)
The Assistant Secretary to Government, Finance (Claims) Department shall prefer the bill well
in advance and Pay and Accounts Officer, Ibrahimpatnam shall take prompt action to credit the total amount of Rs.78,29,38,220/- (Rupees Seventy-eight crore twenty-nine lakh thirty-eight thousand two hundred and twenty only) through RTGS to NABARD Head Office, Bank Account Number NABARD000015607, IFS Code: NBRD0000002 before 12 noon on or before due date i.e., 01st October 2020
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