Vidarbha Current Affairs
CCEA approves Special Package for Irrigation Projects in drought prone areas of Vidarbha, Marathwada
Cabinet Committee on Economic Affairs (CCEA) has approved implementation of Centrally Sponsored-Scheme for completion of 83 minor irrigation projects and 8 major or medium irrigation projects in Maharashtra’s drought prone areas of Vidharbha, Marathawada regions.
The special package aims to create additional potential of 3.77 lakh hectares in these drought prone areas. It will ensure assured source of water to farmers in command area of these projects. This will increase yield of their crops and thereby increase the income of the farmers.
The projects included under special package will be funded under Pradhan Mantri Krishi Sinchayee Yojana- Accelerated Irrigation Benefit Programme (PMKSY-AIBP) and are planned to be completed by December 2019. Progress of projects will be monitored by State as well as Central Water Commission (CWC).
The overall balance cost of projects is estimated to be Rs. 13,651.61 crore. Central Assistance for implementation of these projects will be Rs. 3,831.41 crore and rest will be provided by State Government which may be arranged through NABARD (National Bank for Agriculture and Rural Development).
On completion of these projects, utilization of irrigation potential of about 3.77 lakh ha will transform agriculture scenario of these drought prone region resulting in generation of substantially more employment opportunities through increase in cropping intensity, change in cropping pattern, agro processing and other ancillary activities. It will result employment generation of approximately 341 lakh man-days for unskilled, semi-skilled and skilled workers.
Maharashtra has experienced hydrological and agricultural drought during three years period from 2012 to 2016. The situation was worst in Vidharbha and Marathawada region with high incidence rate of suicides by farmers. Besides, these regions, drought prone areas (DPA) in rest of the state also had experienced distress in recent years. These irrigation projects are ongoing projects, but they were languishing due to fund constraints.
Maharashtra Government has singed MoU with India’s largest commodities exchange platform, Multi Commodity Exchange of India Limited (MCX) to launched Cotton Mission to empower cotton farmers in the state. The mission aims to create value chain with final market linkages for thousands of cotton farmers in Vidarbha region of the state.
Under this mission, MCX will partner with state agriculture department and other agencies to work closely with Farmer Producer Organisations and help them connect to its organised market network for building their capabilities. It will work with State Government to identify and create farmer groups and work towards equipping these groups to access regulated markets. This will enable farmer to participate in transparent price discovery mechanism and sell their produce in national market for better price realization. This in long term will support the farmers’ in their upliftment and contribute to doubling their incomes by 2022, as envisaged by the centre.
MCX already has accredited warehouses in Yavatmal and Jalna in Vidharba region and it is planning to provide delivery facilities in three or more new locations under mission. Its cotton futures market provides efficient platform for farmers to move up value chain and increase their price realisations. It also allows farmers to use its mechanism to deliver or hedge to get remunerative prices.
Multi Commodity Exchange (MCX)
MCX is country’s first listed commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing platform for risk management. It was launched in November 2003 and operates within regulatory framework of Forward Contracts Regulation Act, 1952 (FCRA, 1952) under SEBI. MCX offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom, potatoes, palm oil and others). Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading.