The National Bank for Agriculture and Rural Development (NABARD) on Friday said it had plans to support development activities requiring financial commitment of Rs.5,320 crore in the State during the current financial year.

In a press release, NABARD said the bank's Chief General Manager for Kerala Region R. Amalorpavanathan and General Manager K.R. Rao met Chief Minister Oommen Chandy and communicated these plans to him.

NHDP is aimed at upgradation, rehabilitation and widening of major highways to international standards

Highways development in the country requires an investment of Rs 200 crore every day in the next 15-20 years, according to a Parliamentary panel. "The quantum of financial resources required for implementation of highway projects is significantly high. An estimated investment of Rs 200 crore is required every day for a period of 15-20 years," the Committee on Estimates, Chaired by Francisco Sardinha, said in its report on National Highways Development Project (NHDP).

New Delhi International Finance Corporation is likely to provide $130 million (about R682 crore) funding to Inox Renewables for developing wind farms in Gujarat and Rajasthan.

IFC, part of the World Bank group, focuses on lending to entities in the developing world. “The total project cost is estimated at $480 million for up to 400 MW of wind farms proposed to be implemented by March 2013.

Jodhpur To help boost private investment in renewable energy, multilateral lending agency ADB today announced $103 million loan to Reliance Power for setting up a 100-MW solar plant in Jaisalmer district of Rajasthan.

"I would like to to inform you that ADB has just agreedto extend financing for Reliance Power's 100-MW concentrated solar thermal plant which will be one of the largest solar power generation facilities in India and Asia as well," ADB director general (regional and sustainable development Department) S Chander said.