Government approves Rs 5,000 crore for dedicated micro irrigation fund Back to News & Events List


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). 
 
The government estimates the area that can come under micro irrigation at 69.5 million hectares, compared with the current coverage of only about 10 million hectares. 
 
 
The allocation, under the Pradhan Mantri Krishi Sinchayee Yojana, will be made in instalments of Rs 2,000 crore and Rs 3,000 crore in 2018-19 and 2019-20, a government press release said. 
 
 
Source: The Economic Times

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