NABARD to help clean polluted Musi river in Telangana

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National Bank for Agriculture and Rural Development (NABARD) will extend financial aid to the Telangana government to help clean Musi river that flows through Hyderabad city. Musi is now highly polluted because of the untreated domestic sewage and industrial waste discharged into it.

According to reports, Telangana minister for information technology and municipal administration K Taraka Rama Rao (KTR) is scheduled to meet the NABARD officials in Mumbai on March 9 to discuss the massive task of cleaning the river.

The state government also aims to clean the Hussain Sagar lake. Even though a few international monetary organizations have extended fiscal assistance to clean the river, the state government is keen to seek government-owned financial institutions’ help and its first preference is NABARD. NABARD is expected to fund the process through the UN’s Green Climate Fund (GCF).

KTR will visit the Musi river prior to to his meeting with the NABARD officials. UN had earlier accredited NABARD as the entity that undertakes climate change related projects in India. Hence, the Telangana government is very keen to utilise GCF to give Musi river a new lease of life.

NABARD is expected to extend a concessional loan to the state government for this activity.

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