Union Water resources ministry signs MoU with NABARD

Speed Post News Network

New Delhi: Union Minister for Water Resources, River Development and Ganga Rejuvenation Uma Bharti on Tuesday said that Rs 77,000 crore will be raised during the nest four year from the market for speedy implementation of 99 prioritized projects under Accelerated Irrigation Benefits Programme (AIBP) across the country.

She was speaking on the occasion of signing of Memorandum of Agreement (MoU) between Ministry of Water Resources, River Development and Ganga Rejuvenation and NABARD for providing central assistance to 99 prioritized irrigation projects under Pradhan Mantri Krishi Sinchai Yojna (PMKSY) in New Delhi on Tuesday. The Minister said 56 AIBP projects will cover all most all drought prone districts of 18 States of country. She expressed hope that with regular monitoring and speedy implementation, the government would be able to complete all the 99 projects well ahead of the schedule, according to a PIB release.

The Union Cabinet on July 27, 2016 had approved the Establishment of Mission for completion of 99 prioritized projects and its funding arrangement through NABARD.  The Central government launched the Accelerated Irrigation Benefits Programme (AIBP) in 1996-97 to provide Central Assistance to major/medium irrigation projects in the country with the objective to accelerate implementation of such projects which were beyond resource capability of the states or were in advanced stage of completion. Priority was given to those projects which were started in Pre-Fifth and Fifth Plan period and also to those which were benefiting Tribal and Drought Prone Areas, said the PIB release.