Long Term Irrigation Fund (LTIF)
To address the problems associated with perennial irrigation water crisis in rural India, Ministry of Water Resources, River Development and Ganga Rejuvenation has signed an agreement with NABARD to operationalise the Long Term Irrigation Fund (LTIF).
LTIF has instituted in NABARD as a part of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).
It aims to bridge the resources gap and facilitate completion of 99 prioritized irrigation projects as part of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) during 2016-2020. While 54 projects have been identified to be completed by 2017-2018, remaining 45 projects have been identified to be completed by 2019-2020.
The project which will be implemented in a period of four years between 2016-2020 will have an estimated allocation of Rs 77,595 crore with Central and State Government’s share of Rs 31,342 crore and Rs 46,253 crore respectively. The fund corpus is expected to be raised through budgetary resources from Government of India and market borrowings by NABARD.