MICRO-IRRIGATION FUND

CONTEXT

Release of interest sub-vented loan from Micro-Irrigation Fund (MIF) under PMKSY.

MAIN POINTS:

  1. Micro Irrigation Fund with a corpus of Rs. 5000 crore created with NABARD was operationalised in 2019-20
  2. The objective of the Fund is to facilitate the states in availing an interest sub-vented loan for expanding coverage of micro-irrigation by taking up special and innovative projects and also for incentivising micro-irrigation beyond the provisions available under PMKSY-Per Drop More Crop to encourage farmers to install micro-irrigation systems.

Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) :

PMKSY is a Centrally Sponsored Scheme (Core Scheme) launched in 2015. Centre- States will be 75:25 per cent. In the case of the north-eastern region and hilly states, it will be 90:10.

Objectives:

  • Convergence of investments in irrigation at the field level,
  • To expand the cultivable area under assured irrigation
  • To improve on-farm water use efficiency to reduce wastage of water,
  • To enhance the adoption of precision-irrigation and other water saving technologies (More crop per drop),
  • To enhance recharge of aquifers and introduce sustainable water conservation practices by exploring the feasibility of reusing treated municipal based water for peri-urban agriculture and attract greater private investment in a precision irrigation system

SOURCE: PIB

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