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.