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Krishi Sinchai Yojana will see Rs 50,000 crore spent over five years: Jaitley

News:

  • Union Finance Minister Arun Jaitley announced that the Cabinet has approved funds amounting to Rs 50,000 crore over the five years to ensure that the Pradhan Mantri Krishi Sinchai Yojana is a success.
  • The major objective of tthis irrigation scheme is to achieve convergence of investments in irrigation at the field level, expand cultivable area under assured irrigation, improve on-farm water use efficiency to reduce wastage of water, enhance adoption of precision-irrigation and other water-saving technologies.
  • The scheme also aims to enhance recharge of aquifers and introducing sustainable water conservation practices by exploring feasibility of re-using treated municipal water for peri-urban agriculture and attracting greater private investment in precision irrigation.
  • The programme will be supervised and monitored at the national level by an Inter-Ministerial National Steering Committee (NSC) under the Chairmanship of the Prime Minister with the Union Ministers concerned.

Source: ET

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