National Water Development Agency Current Affairs

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Pradhan Mantri Krishi Sinchayee Yojana: Government, NABARD and NWDA ink revised MoA for 99 projects

Union Government, NABARD and National Water Development Agency (NWDA) have signed revised Memorandum of Agreement (MoA) for funding of central share of 99 prioritized irrigation projects under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) through Long Term Irrigation Fund (LTIF).

Key Facts

The revised MoA will enable Ministry of Water Resources to release Central Assistance to prioritized projects under PMKSY as per requirements from time to time. For this, Department of Economic Affairs, Ministry of Finance has modified certain existing mechanism of funding of these 99 projects under LTIF, with reference to source of funds, liability towards servicing of coupon on bonds, repayment pattern of loan and rate of interest on loan, etc.

Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)

PMKSY was launched in July 2015 with overarching vision to ensure access to some means of protective irrigation for all agricultural farms in the country and to produce ‘per drop more crop’, thus bringing much desired rural prosperity. It was formulated by amalgamating earlier schemes viz. AIBP, Integrated Watershed Management Programme (IWMP) and On Farm Water Management (OFWM) component of National Mission on Sustainable Agriculture (NMSA). It is implemented by Ministries of Agriculture, Water Resources and Rural Development. It has outlay of Rs 50000 crore with implementation period of over five-year till April 2020.

Objectives of PMKSY

  • Achieve convergence of investments in irrigation at the field level.
  • Expand cultivable area under assured irrigation (har khet ko pani).
  • Enhance adoption of precision-irrigation and other water saving technologies (More crop per drop).
  • Improve on-farm water use efficiency to reduce wastage of water.
  • Enhance recharge of aquifers.
  • Introduce sustainable water conservation practices.

Month: Categories: India Current Affairs 2018

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NABARD sanctions Rs. 19,702 crore loan to National Water Development Agency

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned loan worth Rs. 19,702 crore to National Water Development Agency (NWDA).

The loan will be provided through NABARD’s Long Term Irrigation Fund (LTIF) for 50 irrigation projects from 11 States.

Key Facts

  • This loan will be part of the Central share of assistance to State Governments.
  • It will ensure front loading of resources so that the identified incomplete irrigation projects under Pradhan Mandtri Krishi Sinchai Yojna (PMKSY) are executed in time.
  • Loan released by NABARD to NWDA would be disbursed to the respective State Governments as Central Share in the projects sanctioned.

The LTIF was set up by NABARD as a sequel to the initiatives announced by the Union Finance Minister Arun Jaitley for irrigation purpose in his Budget Speech 2016-17.

What will be significance of these irrigation projects?

The loan funds for these irrigation projects will help to create additional irrigation potential of 39.14 lakh hectares in 11 States. Thus, it will support government’s vision to double the farmers’ income by 2022 as providing assured irrigation to farmers is one of the important prerequisites to achieve that target.

About National Water Development Agency (NWDA)

  • NWDA is the agency of the Union Ministry of Water Resources. It was set up in July, 1982 as autonomous society under the Societies Registration Act, 1860.
  • It was established to carry out the water balance and other studies on a scientific and realistic basis for optimum utilisation of Water Resources of the Peninsular rivers system.
  • Besides it was tasked to prepare feasibility reports and give concrete shape to Peninsular Rivers Development Component of National Perspective.
  • In 1990, it was also entrusted with the task of Himalayan Rivers Development Component of National Perspectives.
  • Recently, the functions of NWDA have been further modified and the work of preparation of detailed Project Reports (DPR) of various link proposals and Pre-feasibility Reports.
  • It has been also entrusted to prepare feasibility reports of intra-State links as proposed by the States.

Month: Categories: India Current Affairs 2018

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