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FM Investment in irrigation projects essential to double the farmers income by 2022; NABARD sanctions loan worth ₹ 19702 crore to National Water Development Agency (NWDA) for 50 irrigation projects from 11 States under Long Term Irrigation Fund (LTIF)

News and Press Release - Dated:- 22-10-2016 - The Union Finance and Corporate Affairs Minister Shri Arun Jaitley said that investment in irrigation projects essential to double the farmers income by 2022. He said that loan of ₹ 19,702 crore to National Water Development Agency (NWDA) for irrigation projects by NABARD, is a part of the vision of the Prime Minister Shri Narendra Modi to double the farmers income by 2022. Shri Jaitley said that providing assured irrigation to farmers is one o .....

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ure full utilisation of irrigation potential so created. He highlighted that the initiative would bring additional 76 lakh hectare area under irrigation and to a great extent, mitigate water scarcity, dependence on rain and drought situations in project areas. He appreciated the initiatives of the Ministry of Water Resources, River Development & Ganga Rejuvenation and National Bank for Agriculture and Rural Development (NABARD) He said that the Ministry of Finance is committed to support suc .....

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o ensure Har Khet ko Paani and Per drop more crop which the Ministry is trying to translate into reality. She emphasised that the irrigation potential would be enhanced through participation of farmers. She also highlighted a strong monitoring mechanism put in place to ensure that the money is effectively and optimally utilised. Earlier, NABARD has set-up a Long Term Irrigation Fund (LTIF) as a sequel to the path breaking initiative announced by the Union Finance Minister Shri Arun Jaitley in th .....

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