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Union Government inks loan agreement with World Bank for Neeranchal National Watershed Project

The loan agreement is to improve watershed management in rural rain fed areas. The loan credit will support the watershed activities of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) in 9 states, namely Andhra Pradesh, Chhattisgarh, Telangana, Jharkhand, Gujarat, Maharashtra, Madhya Pradesh, Odisha and Rajasthan.

 

About Neeranchal National Watershed Project

  • The project is implemented by the Union Ministry of Rural Development over a six-year period (2016-21) to achieve objectives PMKSY.
  • It will support the PMKSY in hydrology and water management, agricultural production systems, capacity building and monitoring and evaluation.
  • It seeks to ensure access to irrigation to every farmland (Har Khet Ko Pani) and for efficient use of water (Per Drop More Crop).
  • Of the total amount Government’s share is 50% and the rest 50% of the World Bank.


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