Agriculture World

PM Krishi Sinchayee Yojana: Rs. 4000 Crore Given under Per Drop More Crop of PMKSY & Rs 5000 Crore for Micro Irrigation by NABARD

Tooba Maher
Tooba Maher
Pic Credit: Devdiscourse.com

PM Krishi Sinchayee Yojana: Department of Agriculture Cooperation & Farmers’ Welfare is implementing ‘Per Drop More Crop’ component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY- PDMC). The PMKSY- PDMC focuses to enhance water use efficiency at farm level through Micro Irrigation technologies viz. Drip and Sprinkler irrigation systems. Drip micro irrigation technique not only helps to save water but also in reducing fertilizer usage, labour expenses and other input costs.

Rs. 4000 Crore Allocated under PM Krishi Sinchayee Yojana (PMKSY)

For the current year, annual allotment of Rs. 4000 crore has already been allocated and conveyed to the State Governments, under PM Krishi Sinchayee Yojana (PMKSY). The State Governments have identified the beneficiaries to be covered under the programme. Fund release to some of the States is already under process for the year 2020-21.

Rs 5000 Crore for Micro Irrigation by NABARD

Further, Micro Irrigation Fund corpus of Rs. 5000 crore has been created with NABARD. The objective of the fund is to facilitate the states to mobilize the resources for expanding coverage of Micro Irrigation by taking up special and innovative projects and also for incentivising micro irrigation beyond the provisions available under PMKSY-PDMC to encourage farmers to install micro irrigation systems.

Till now, Micro Irrigation Funds have been released to the states of Andhra Pradesh and Tamil Nadu for Rs. 616.14 crore and for Rs.478.79 crore, respectively by NABARD. The area covered under these projects is 1.021 lakh hectares in Andhra Pradesh and 1.76 lakh hectares in Tamil Nadu.
It is to be noted that during the last five years (2015-16 to 2019-20), an area of 46.96 lakh ha. have been covered under Micro Irrigation through PMKSY-PDMC.

Source: PIB

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