Guwahati, August 05 (NKTV): The Government of Assam, NABARD and Assam Infrastructure Financing Authority (AIFA) yesterday signed a Memorandum of Understanding (MoU) to boost the execution of development projects in the state.
The MoU was signed in presence of Assam Chief Minister Dr Himanta Biswa Sarma.
The MoU, with a stake involving Rs 13,200 crore, will essentially be used for infrastructural development from NABARD Infrastructure Development Assistance (NIDA) and Rural Infrastructure Assistance to state government (RIAS) in rural and semi urban areas across the state.
“The pumping of Rs 13,200 crore will bring about infrastructural development, particularly in the academic sector of the state” Sarma said.
Engineering colleges, medical colleges, universities, schools, stadia, tourism centres, cold storages would be built in the state over the next three years, he added.