India launches major initiative to irrigate land

76.03 lakh hectares of land is estimated to be brought under irrigation through 99 projects

GN Bureau | September 7, 2016


#long term irrigation fund   #ministry of water resources river development and Ganga rejuvenation   #irrigation   #NABARD  



The ministry of water resources, river development and Ganga rejuvenation and national bank for agriculture and rural development (NABARD) have signed an agreement to operationalise the long term irrigation fund (LTIF) as part of the pradhan mantri krishi sinchayee yojana (PMKSY).

The fund, with an initial corpus of about Rs 20,000 crore, was announced in the union budget 2016-17 by finance minister Arun Jaitley. It would be raised by way of budgetary resources and market borrowings to fund fast tracking of implementation of incomplete major and medium irrigation projects.

A phenomenal 76.03 lakh hectares of land is estimated to be brought under irrigation through 99 projects under this initiative which has a total estimated allocation of Rs 77,595 crore. The project which is spread over a period of four years between 2016 and 2020 will have central and state government shares of Rs 31,342 crore and Rs 46,253 crore respectively, said a press release.

Union minister Uma Bharti said that the identified projects were languishing for want of adequate financial resources for many years and the present government made it its top priority to work out a strategy for funding these projects through the LTIF instituted in NABARD under PMKSY.
 

Comments

 

Other News

“Privacy is the foundation of what makes life worth living”

Joseph A Cannataci is the UN’s first and current special rapporteur for the right to privacy appointed by the Human Rights Council (HRC) in July 2015. His appointment came with growing global concerns about threats to privacy in the digital age where governments and big corporations collect

Suicide is all set to be decriminalised

Those who attempt suicide will no longer face criminal charges under the Indian Penal Code (IPC), once the Lok Sabha passes the “The Mental Healthcare Bill”. The government has introduced “The Mental Healthcare Bill”,

Challenges with regulation of medical education: Niti Aayog

  There are challenges with the regulation of medical education for Indian Systems of Medicine and Homoeopathy, said a Niti Aayog report.   A Preliminary Report of the Committee on the Reform of the Indian Medicine Central Council Act 1970 and Homoeopathy Cen

In conversation with author Chitra Banerjee Divakaruni

Chitra Banerjee Divakaruni was born in Kolkata and has spent most of her life in Northern California. The two cultures are reflected in her writings. Two of her books, The Mistress of Spices and Sister of My Heart, have been made into a movie and TV serial, respectively. Palac

Five points about UK parliament resolution on Gilgit-Baltistan

  Here are five highlights of the resolution that was passed by the British parliament over Gilgit-Baltistan in Pakistan.   Read: Resolution in British parliament 

Would AAP do well in the Delhi civic elections?

Would AAP do well in the Delhi civic elections?

Video

गोमती रिवर फ्रंट पहुंचे योगी

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter