The central government has decided to provide assistance to complete eight major and 83 minor irrigation projects in Marathwada, Vidarbha and other drought-prone areas of Maharashtra, an official statement said today.
These projects would help in addressing the agrarian distress by creating an additional irrigation potential of 3.77 lakh ha. The estimated balance cost of these projects is Rs 13,651.61 crore, the Union Water Resources Ministry said in the statement.
"The expenditure finance committee of the Union Finance Ministry appraised and accepted yesterday, the proposal of the Water Resources Ministry to provide Central Assistance for completion of balance works of 83 Surface Minor Irrigation (SMI) projects and 8 major/medium irrigation projects of Vidarbha, Marathwada and drought-prone areas of rest of Maharashtra," it added.
Maharashtra can avail of the assistance through a National Bank for Agriculture and Rural Development loan, according to the statement.
The SMI projects would be completed in two years and the major/medium projects would be completed in phases by 2022-23, the ministry said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app