NABARD Rural Infrastructure Development Fund (RIDF)

iAbout This Scheme

NABARD's Rural Infrastructure Development Fund, established in 1995-96, provides low-cost loans to state governments and state-owned corporations for rural infrastructure projects including irrigation, roads, bridges, and social sector projects. Banks that fall short of priority sector lending targets contribute to RIDF.

🎁Key Benefits

• Low-interest loans to state governments for rural infrastructure
• Covers irrigation, rural roads, bridges, rural drinking water, schools
• Interest rates linked to bank rate (typically 0.5% below bank rate)
• Loan repayment period of up to 7 years
• Supports priority sector lending compliance by banks
• Annual corpus set by Union Budget (₹45,000 crore tranche XXX in 2024-25)

✅Eligibility Criteria

• 1
  State governments and state-owned corporations/agencies
• 2
  Projects in rural and semi-urban areas

📝How to Apply

❓Frequently Asked Questions