The Union Agriculture Ministry has given nod for subsidised loans worth Rs 3,971.31 crore for implementing micro-irrigation projects, and a maximum loan of Rs. 1357.93 crore has been approved for Tamil Nadu. <\/p>\n\n\n\n
The interest subvented loans are being offered under Micro Irrigation Fund (MIF) created with National Bank for Agriculture and Rural Development (NABARD) for implementing micro-irrigation projects. <\/p>\n\n\n\n
Micro Irrigation Fund with a corpus of Rs. 5000 crores created with NABARD was operationalized in 2019-20. Steering Committee of MIF has approved projects for a loan of Rs.\u00a0 3971.31 crore comprising Rs. 764.13 crore for Gujarat, Rs. 1357.93 crore for Tamil Nadu, Rs. 616.13 crore for Andhra Pradesh, Rs. 276.55 crore for West Bengal, Rs.790.94 crore for Haryana Rs. 150.00 crore for Punjab and Rs. 15.63 crore for Uttarakhand.<\/p>\n\n\n\n
However, NABARD has so far released a loan of Rs 659.70 crore to Haryana, Tamil Nadu and Gujarat. Thereby a total amount of Rs. 1754.60 crore has been released so far, comprising Rs. 616.13 crore to Andhra Pradesh, Rs. 937.47 crore to Tamil Nadu, Rs. 21.57 crore to Haryana and Rs. 179.43 crore to Gujarat. <\/p>\n\n\n\n
Under the MIF, subsidised loans are provided for not only taking up special and innovative projects but also for incentivising micro-irrigation beyond the provisions available under Pradhan Mantri Krishi Sinchai Yojana (Per Drop More Crop) to encourage farmers to install micro-irrigation systems. <\/p>\n\n\n\n
Har Khet ko\u00a0Pani\u00a0is basically \u201cPradhan Mantri Krishi\u00a0Sinchai\u00a0Yojana\u201d and\u00a0therefore\u00a0the Government of India is committed to accord high priority to water conservation and its management. To this effect,\u00a0Pradhan Mantri Krishi\u00a0Sinchai\u00a0Yojana\u00a0(PMKSY) has been formulated with the vision of extending the coverage of irrigation \u2018Har Khet ko\u00a0Pani\u2019 and improving water use efficiency \u2018More crop per drop’ in a focused manner with end to end solution on source creation, distribution, management, field application and extension activities.\u00a0\u00a0<\/p>\n\n\n\n
source:https:\/\/krishijagran.com\/agriculture-world\/agri-ministry-gives-nod-to-subsidised-loans-worth-rs-3-97131-crore-for-micro-irrigation-projects\/<\/p>\n","protected":false},"excerpt":{"rendered":"
The Union Agriculture Ministry has given nod for subsidised loans worth Rs 3,971.31 crore for implementing micro-irrigation projects, and a maximum loan of Rs. 1357.93 crore has been approved for Tamil Nadu. The interest subvented loans are being offered under Micro Irrigation Fund (MIF) created with National Bank for Agriculture and Rural Development (NABARD) for implementing micro-irrigation 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