You are here: Home » Economy & Policy » News
Business Standard

NABARD sanctions micro irrigation projects worth Rs 3,805 cr so far: Tomar

Agriculture Minister Narendra Singh Tomar said the National Bank for Agriculture and Rural Development (NABARD) has sanctioned micro irrigation projects worth Rs 3,805.67 crore so far

NABARD | Irrigation projects | Narendra Singh Tomar

Press Trust of India  |  New Delhi 

Narendra Singh Tomar
Narendra Singh Tomar (Photo: Twitter)

Agriculture Minister on Wednesday said the National Bank for Agriculture and Rural Development (NABARD) has sanctioned micro worth Rs 3,805.67 crore so far.

The projects have been sanctioned under the dedicated Rs 5,000-crore Micro Irrigation Fund (MIF) set up under in 2019-20 to facilitate states in mobilizing resources for expanding coverage of micro irrigation.

Under MIF, funds are given to states at a concessional rate of interest in order to promote micro irrigation.

Addressing a webinar, Tomar advised states to access MIF for incentivizing micro irrigation through an additional (top up) subsidy over and above the one available under the Per Drop More Crop (PDMC) component of Pradhan Mantri Krishi Sinchayi Yojana (PMKSY) for achieving the target.

He also asked states to access the fund for innovative integrated projects, including projects in Public Private Partnership (PPP) mode, depending on state specific requirements to bring additional area under micro irrigation PDMC, an official statement said.

"The Steering Committee of MIF and has sanctioned projects of Rs 3,805.67 crore for covering 12.53 lakh hectare under MIF," the statement quoted the minister as saying.

The government has set a target of covering 100 lakh hectares of area under micro irrigation in five years.

It has been implementing PMKSY-PDMC since 2015-16 for enhancing water use efficiency in the agriculture sector.

"During the last five years, an area of 47.92 lakh hectares has been covered under micro irrigation in the country which includes 11.72 lakh hectares for the year 2019-20 which is a significant achievement," Tomar said.

Stressing that micro irrigation not only increases water use efficiency but also the productivity of the crops, Tomar said there is a need for adopting a holistic approach for more production from unit areas by improving soil health, reduction in input costs, enhancing crop productivity and increasing farmers' awareness for benefiting the farming community.

He also said that the integrated and concerted efforts of various stakeholders in a "mission mode" would help in achieving the targets and bringing more coverage under micro irrigation for the benefit of the farming community.

Tomar called upon the state governments to come forward to achieve the target coverage of micro irrigation for enhancing water use efficiency in agriculture which would contribute to Prime Minister Narendra Modi's call of making India self-reliant through self-reliant agriculture.

Ministers of State for Agriculture Parshottam Rupala and Kailash Chaudhary, NITI Aayog Member Ramesh Chand and Additional Secretary of Agriculture Ministry Alka Bhargava were also present for the webinar.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, September 09 2020. 19:42 IST