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

Surging oil prices worry India, says Pradhan in OPEC meet

Minister of petroleum and natural gas Dharmendra Pradhan has said the fragile world economic growth will be at threat if the crude oil prices continue to surge. He said surging oil prices are creating stress throughout the global economy and particularly to India.   He

KVIC gets Air India contract

Air India’s keenness to provide Khadi products to its flyers has helped the Khadi and Village Industries Commission (KVIC) bag an order of Rs 8 crore from the national carrier to supply Khadi amenity kits to its international passengers.  This is the third time that the KVIC has secured

“Blockchain allows individuals to monitor use of personal data”

Can you explain the concept of blockchain? How does it function? What kind of IT infrastructure is required for deploying it?  Blockchain is a system for maintaining distributed ledgers [‘distributed ledger technology’ or DLT] in a way that allows organisations whi

“Key milestones achieved in Assam”

In an interview with Governance Now, Anil Kumar Jha, special DGP, CID, Assam, who is also nodal officer for the CCTNS project, speaks of what the system in its present form has helped his state achieve. What is the current status of CCTNS in Assam and its outcome?

Crime tracking project: Bugged from the beginning

A stand-off between the ministry of home affairs (MHA) and software development firm Wipro seems to have long held up the Rs 2,000 crore crime and criminal tracking network and systems (CCTNS) project, conceptualised ten years ago. The project aims to digitise and connect all police stations in the country

Activists question displacement and dispossession of marginalised communities

Questioning the development model pushed ahead for profit oriented growth, social and political activists, academicians, financial analysts and civil society organisations are holding a three day confluence of Peoples’ Convention on Infrastructure Financing in Mumbai.     &nb

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter