Explanations:National Bank for Agriculture and Rural Development (NABARD) is a financial institution in India that plays a crucial role in providing and facilitating credit for the promotion and development of agriculture, rural industry, cottage and village industries, small-scale industries, and other intermediate financial institutions. In the aftermath of natural disasters, such as Cyclone Amphan, NABARD often provides significant financial aid to affected states to help with the reconstruction of damaged infrastructure.
Cyclone Amphan, which struck the eastern coast of India in May 2020, caused extensive damage to infrastructure in West Bengal. The cyclone led to widespread destruction of buildings, roads, bridges, and other critical infrastructure, necessitating a substantial amount of financial aid for reconstruction efforts. In response to this disaster, NABARD sanctioned a specific amount to West Bengal to aid in the reconstruction process.
The correct amount sanctioned by NABARD for the reconstruction of infrastructure damaged by Cyclone Amphan in West Bengal is Rs 795 crore. This figure is the accurate amount provided by NABARD for this specific purpose. The amount is significant and reflects the scale of the damage caused by the cyclone and the need for substantial financial support to rebuild the affected areas.
It is important to note that financial aid for disaster relief and reconstruction is often provided by various organizations, including the central and state governments, as well as international aid agencies. However, in this specific case, the amount sanctioned by NABARD is Rs 795 crore, which is the correct figure to be remembered for this particular event and context.