KADAPPA: Taking a definitive step forward for the development of the local community, Dalmia Bharat Group Foundation (DBGF) signed a Memorandum of Understanding (MoU) with the National Bank for Agriculture and Rural Development (NABARD) recently.
The five-year project under the Government’s ‘Participatory Integrated Watershed Development’ project will cover watershed area of 4,000 hectares benefitting nine villages in Kadappa district’s Mylavaram Mandal.
The MoU was signed between Jiji Mammon, Chief General Manager, NABARD and Prasant Tripati, Group Head, Manufacturing, Dalmia Cement Bharat Ltd (DCBL). Also, present at the occasion were Anil Bajaj, Executive Director, (DCBL), Kadapa Plant and Vishal Bhardwaj, Associate Executive Director, CSR, Dalmia Bharat Group.
Vishal Bhardwaj, said, “This step will further strengthen our association with NABARD in the area of watershed management and rural development. The shared vision of our two institutions will pave the way for community growth in the project area.”
The total cost of the project is Rs. 5 crore, of which NABARD and community’s share is Rs 3.16 crore. This initiative aims to recharge groundwater, prevent soil erosion, improve soil moisture for higher agro productivity, promote bio mass and improve livelihoods overall.