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

Recent News


07

05/2018
GST Council meet today to consider simplified tax returns, cess on sugar

The Goods and Services Tax (GST) Council is set to hold its 27th meeting on Friday to decide on the proposals to simplify the return-filing process and consider imposing cess ...

18

04/2018
APEDA-PHDCCI to host Reverse Buyers and Sellers Meet to promote mango exports

In a bid to Promote Export of Mango and Mango products, APEDA, Ministry of Commerce and Industry in association with PHD chamber of Commerce and Industry, is organizing the Re...

09

04/2018
Over 8,500 startups recognised as on March 30

Minister of State of Commerce & Industry C. R Chaudhary on Wednesday said that a total of 8,625 Start-ups have been recognised as on 30 March, 2018.    ...

31

03/2018
India, China to resolve agri, pharma trade issues in shadow of trade war

India-China trade talks, which ended on Tuesday, saw the two countries signing joint minutes, beating the earlier record of 2014 when it took almost a month to agree on a stat...