Micro Irrigation Fund Current Affairs, GK & News

The ministry of agriculture and farmers welfare had created a micro irrigation fund (MIF) under NABARD in 2018-19 to promote micro-irrigation. It was created with a corpus of 5,000 crore INR to aid the states in incentivising the adoption of micro-irrigation practice by the farmers under Pradhan Mantri Krishi Sinchayee Yojana. The centre provides 3% interest subvention on loans under MIF to the states. The recent budget has proposed the doubling of the initial corpus with another 5,000 crore INR.

GoI releases Rs 3,971 crores for micro-irrigation projects

November 21, 2020

On November 20, 2020, Government of India sanctioned a loan of 3,971 crores of rupees for micro irrigation projects in Tamil Nadu. This is one of the biggest loans being sanctioned for the state of Tamil Nadu. The loan has been sanctioned at subsidised interest rate under micro irrigation fund. The micro irrigation fund was ..

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Per Drop More Crop: Rs 4,000 crore allocated

June 10, 2020

The Government of India has allocated Rs 4,000 crores under Per Drop More Crop component of Pradhan Mantri Krishi Sinchayee Yojana for the year 2020-21. Highlights The Government of India has allocated the funds to implement the Per Drop More Crop component and the state governments are to identify the beneficiaries. Along with this, the ..

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Pradhan Mantri Krishi Sinchayee Yojana: Cabinet approves Micro Irrigation Fund under NABARD

May 17, 2018

The Cabinet Committee on Economic Affairs (CCEA) approved initial corpus of Rs.5,000 crore for setting up of dedicated Micro Irrigation Fund (MIF) in NABARD (National Bank for Agriculture and Rural Development) under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). Key Facts The allocation of MIF under PMKSY will be made in instalments of Rs 2,000 crore ..

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