(Source: Ministry of Water Resources, River Development and Ganga Rejuvenation of the Republic of India) In a move that aims to address the perennial irrigation water crisis affecting rural India, Ministry of Water Resources, River Development and Ganga Rejuvenation and NABARD signed an agreement to operationalise the Long Term Irrigation Fund (LTIF) to be instituted in NABARD as part of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). The Fund, with an initial corpus of about Rs 20,000 crore, was announced in the Union Budget 2016-17 by Finance Minister Shri Arun Jaitley. Corpus would be raised by way of budgetary resources and market borrowings to fund fast tracking of implementation of...
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