Union Cabinet approved raising of over 9000 crores through NABARD for Completing Irrigation Project

Posted on:17 Aug 2017 15:46:14
Union Cabinet approved raising of over 9000 crores through NABARD for Completing Irrigation Project
17 August 2017 Current Affairs: Union Cabinet approved raising extra budgetary resources up to 9,020 crore rupees for Long Term Irrigation Fund in 2017-18 under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).

According to Finance Minister Arun Jaitley, the amount will be raised by National Bank for Agriculture and Rural Development  (NABARD) through Bonds.

The loans are for implementation of Accelerated Irrigation Benefits Programme works of 99 ongoing prioritized irrigation projects.

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