World Bank to provide $318 mn loan for Tamil Nadu irrigation projects

The project is expected to increase the yield of rice, maize, and pulses by 18-20%

The International Bank for Reconstruction and Development (IBRD), part of World Bank, will provide a $318 million loan for the Tamil Nadu Irrigated Agriculture Modernisation Project to promote climate resilient agriculture technologies, improve water management practices and increase market opportunities for small and marginal farmers. About 500,000 farmers, of which a majority are small and marginal, are expected to benefit from improved and modernised tank irrigation systems.

The Government of India, the Government of Tamil Nadu and the World Bank today signed a loan agreement in this regard. The project will rehabilitate and modernise about 4,800 irrigation tanks and 477 check