Project Planning the Micro Irrigation Fund
- In order to promote micro-irrigation, they may also use it to cover additional areas and offer a higher subsidy (top-up) than what is allowed under the PMKSY-PDMC Guidelines.
- Funds for Farmers Producers Organizations (FPO), cooperatives, and state-level agencies can be obtained with a guarantee from the state government or equivalent collateral.
- States have access to the MIF for creative integrated irrigation projects, including PPP-style initiatives.
- This award is also available to farmer cooperatives for innovative, clustered community irrigation projects.
- Along with an advisory group to offer policy advice and guarantee effective planning, coordination, and monitoring programs, a steering committee will be established to assess and approve these state government projects.
Micro Irrigation Fund
India is an agricultural nation, and agriculture is the primary source of income for the vast majority of its citizens. A valuable resource for agricultureâs expansion, improvement, and general effectiveness is water. Micro-irrigation technology has been installed in the rain-fed areas to save water, reduce the use of fertilizers, labor costs, and other input costs, and improve the fertility of the soil in order to address the problem of water scarcity and utilize the available water resources in a more efficient manner. A plan on micro-irrigation was put up by the Department of Agriculture Cooperation & Farmers Welfare (DAC&FW) to enhance the drip and sprinkler irrigation technique. It later became the National Mission on Micro-irrigation Scheme, which was a key part of the National Mission for Sustainable Agriculture (NMSA), and was introduced in the 2010â2011 academic year. To attain the goal of âper drop more crop,â NABARD established the Micro Irrigation Fund with a corpus of Rs. 5000 crores. The nodal ministry of Agriculture and Farmers Welfare (MoA&FW), Government of India, oversees the Micro Irrigation Fund (MIF). In order to encourage micro-irrigation across the nation, it seeks to offer loans to states at a favorable and cheaper rate of interest. Proper micro irrigation system implementation is crucial for increasing productivity. The dedicated micro-irrigation fund would assist in adding to the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) programâs efforts to micro-irrigate roughly 10 lakh hectares. The fund will make it easier for States to raise money for their initiatives, such as additional (top-up) subsidies for the Pradhan Mantri Krishi Sinchayee Yojana-Per Drop More Crop (PDMC) program, in order to meet the programâs annual target of roughly 2 million hectares per year for the remainder of the 14th Finance Commissionâs term.
Contact Us