Per Drop More Crop: Rs 4,000 crore allocated

The Government of India has allocated Rs 4,000 crores under Per Drop More Crop component of Pradhan Mantri Krishi Sinchayee Yojana for the year 2020-21.

Highlights

The Government of India has allocated the funds to implement the Per Drop More Crop component and the state governments are to identify the beneficiaries. Along with this, the GoI has also informed about the creation of Micro Irrigation Fund Corpus of Rs 5,000 crores along with NABARD (National Bank for Agriculture and Rural Development) to implement the special innovative projects.

Micro Irrigation Fund Corpus

The Micro Irrigation Funds are to be used for resource mobilization and expand micro irrigation. So far, the micro irrigation funds have been released to the states of Tamil Nadu and Andhra Pradesh. Rs 478.79 crores have been released for Tamil Nadu and Rs 616.14 crores have been released for Andhra Pradesh.

Per Drop More Crop

The Per Drop More Crop of Pradhan Mantri Krishi Sinchayee Yojana focuses on water use efficiency through sprinkler and drip irrigation. It also aims at reducing fertilizer use, labour expenses and input costs.

Month: Current Affairs - June, 2020