Agri sector gets a boost with Rs 50,000 crore scheme

Pradhan mantri krishi sinchai yojana will achieve convergence of investments in irrigation

GN Bureau | July 2, 2015


#agriculture   #irrigation   #narendra modi   #finance minister   #arun jaitley   #water management  

The government has unveiled an ambitious programme to increase agriculture sector output and efficient management of water resources. For this it will spend Rs 50,000 crore over the next five years under the newly launched pradhan mantri krishi sinchai yojana (PMKSY). The allocation for the current fiscal is Rs 5,300 crore.

The decision was taken at the meeting of cabinet committee on economic affairs headed by prime minister Narendra Modi on Wednesday.

"It has been decided that in 5 years, Rs 50,000 crore from the central Budget would be utilised for the Pradhan Mantri Krishi Sinchai Yojana. States' share will be over and above this," finance minister Arun Jaitley said on Thursday while communicating the Cabinet decision.

"The major objective of the PMKSY is to achieve convergence of investments in irrigation at the field level, expand cultivable area under assured irrigation (har khet ko pani), improve on-farm water use efficiency to reduce wastage of water, enhance adoption of precision-irrigation and other water-saving technologies (more crop per drop)," he said.

The scheme is also aimed at enhancing recharging of aquifers and introducing sustainable water conservation practices by exploring feasibility of re-using treated municipal water for peri-urban agriculture and attracting greater private investment in precision irrigation.

This year the programme is expected to bring an additional 6 lakh hectares under irrigation while 5 lakh hectares will benefit from drip irrigation. Currently, 142 million hectares are used for cultivation, of which only 45 percent farm land is under irrigation.

 It will also help in the completion of 1,300 watershed projects.

"The scheme also aims at bringing ministries, departments, agencies, research and financial institutions engaged in creation/recycling/potential recycling of water under a common platform so that a comprehensive and holistic view of the entire "water cycle" is taken into account and proper water budgeting is done for all sectors," he said.

The programme architecture of PMKSY looks at a 'decentralised state-level planning and execution' structure in order to allow states to draw up a District Irrigation Plan (DIP) and a State Irrigation Plan (SIP), he said.

All structures created under the schemes will be geo-tagged, he added.

National agricultural market

The government has also allocated Rs 200 crore for three years to set up an online national agriculture market by integrating 585 wholesale markets across India -- a move that would help farmers realise better prices.

The cabinet approved a central sector scheme for promotion of national agricultural market through agri-tech infrastructure fund.

"An amount of Rs 200 crore has been earmarked for the scheme from 2015-16 to 2017-18," an official statement said. The department of agriculture will set it up by creation of a common electronic platform deployable in selected regulated markets across the country.

Comments

 

Other News

3% of medicines are of poor quality: Survey

 More than three percent of medicines in India are ‘Not of Standard Quality’ (NSQ) and 0.0245 percent spurious, reveals a survey report on drugs quality by the ministry of health.  The survey carried out by National Institute of Biologicals (NIB), Noida found that out of the

BEL unveils new weapon system for MBT Arjun tank

 Bharat electronics limited (BEL) has launched a new weapon control system — Remote Controlled Weapon Station (RCWS) / Air Defence Weapon Station (ADWS) for 12.7 mm gun of MBT Arjun Mk II battle tank during recently concluded Aero India 2017 in Bengaluru. The new weapon control system

Sasikala camp in talks with OPS faction

 The Sasikala camp is in talks with the O Panneerselvam (OPS) faction and they are trying to win them over, says an AIADMK insider. Negotiation have started between the main AIADMK, which is with Sasikala, and the splinter group that is supporting former chief minister OPS. The party insider

Stories to read over the weekend

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with his family. That morning, he was nearing Dadi Kalan, a neighbouring village, to meet an acquaintance when he hea

ONGC to invest of Rs 7,327 cr for five projects

  State run enterprise oil and natural gas corporation limited (ONGC) has decided to invest Rs 7,327 crore to develop five projects to produce oil and gas. The decision was taken in its 290th board meeting held on February 23. The projects include development of R-Series fields, incl

Shiv Sena may again ally with BJP

The civic election results could well have long term implications in Maharashtra’s politics, with the Bharatiya Janata Party (BJP) doing dramatically well and the Shiv Sena failing to get a simple majority.   The Shiv Sena won 84 seats, while the BJP bagged 82 seats. Th

Video

Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter