Micro Irrigation Fund

Why in News?

Government approves Rs 5,000 crore for dedicated micro irrigation fund .

 

FACT FOR PRELIMS

About the Programme

In line with the Prime Minister’s ‘per drop more crop’ initiative, the government on Wednesday approved a corpus of Rs 5,000 crore for the setting up of a dedicated micro irrigation fund (MIF) under the National Bank for Agriculture and Rural Development (Nabard).

Nabard will extend loans to state governments during this period. The loans can be paid back in 7 years, including a grace period of two years

 

The government expects farmer producers’ organisations, cooperatives and state agencies to also access the funds with state government guarantee or equivalent collateral.

 

The fund will also help states mobilise resources for their own initiatives, including additional subsidy, to bring about 2 million hectares under micro irrigation each year during the remaining period of the 14th Finance Commission, as recommended by a group of secretaries in 2017.

 

Pradhan Mantri Krishi Sinchayee Yojana

The overreaching vision of Pradhan MantriKrishiSinchayeeYojana (PMKSY) is to ensure access to some means of protective irrigation to all agricultural farms in the country, to produce ‘per drop more crop’, thus bringing much desired rural prosperity.

 

Programme Components

i)Accelerated Irrigation Benefit Programme (AIBP)

To focus on faster completion of ongoing Major and Medium Irrigation including National Projects

 

ii)HarKhetkoPani-Creation of new water sources through Minor Irrigation (both surface and ground water), Repair, restoration and renovation of water bodies (jalsanchay), watershed development , command area development etc

 

iii)Per Drop More Crop-Programme management, preparation of State/District Irrigation Plan, approval of annual action plan, Monitoring etc.

 

iv)Watershed Development-Effective management of runoff water and improved soil & moisture conservation activities such as ridge area treatment, drainage line 5 treatment, rain water harvesting, in – situ moisture conservation and other allied activities o n watershed basis.

 

Implementation

Ministry of Water Resources is the nodal department for implementing the programme .The PMSKY works on Project mode. The planning and execution is decentralized. The cornerstone of planning and implementation of PMKSY are District Irrigation Plans (DIPs).

 

Source-The Economic Times.