To strengthen & expand the adoption of Micro Irrigation systems by the farmers in the county for enhancing water use efficiency at farm level, a Budget announcement has been made to double the initial corpus of Micro Irrigation Fund of Rs. 5000 created under NABARD, by augmenting it by another Rs. 5,000 crores.
- The enhancement of corpus by additional Rs. 5000 crores will give further boost to the efforts of more States/UTs in promoting judicious use of water, enhancing water use efficiency as well as improving production and productivity which ultimately increase the income of the farming community.
- Micro Irrigation Fund has been operationalized in NABARD from 2019-20.
- Ministry of Agriculture and Farmers Welfare (MoA&FW) is the Nodal Ministry.
- The objective of the fund is to facilitate State Govts. efforts in mobilizing additional resources for expanding coverage under micro irrigation and incentivizing its adoption beyond provisions of PMKSY-PDMC.
