National Bank for Agriculture and Rural Development, NABARD regional office in Karnataka launched the Sanitation Literacy Campaign to promote literacy on Water, Sanitation and Hygiene, (WASH) under Swach Bharath Mission. Inaugurating the campaign in Bengaluru on the occasion of Gandhi Jayanti yesterday, NABARD Chief General Manager, Niraj Kumar Verma said, there is a need for continuous awareness creation to sustain behavioural change among the rural masses for good hygiene and sanitation. He said, the campaign which will be ending on 26th of January, next year will provide special refinance facility of 800 crore rupees across the country to Commercial banks, regional rural banks, Cooperatives and non banking financial institutions at the rate of 6.65 percent. This will support WASH activities by covering 95 percent of the project cost.
The Karnataka regional office of NABARD also launched a special refinance facility for the watershed and Wadi areas in the state at a concessional rate of 3 percent. Karnataka Vikas Grameena Bank has benefitted from this programme. It has announced term loan finance of 55.25 lakh rupees to 43 beneficiaries in Belagavi district. It has also extended term loan finance of 58.40 lakh rupees to 55 beneficiaries in Kalburgi and Shivamogga districts.
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