TN signed $318 Million loan agreement with World Bank for irrigation project. - TNPSC GURU - TNPSC Group 4 2017 Notification 9351 Vacancies - TNPSC

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Thursday, December 28

TN signed $318 Million loan agreement with World Bank for irrigation project.

TNPSC Current Affairs - December 2017 by TNPSC Guru 
Tamil Nadu Government along with Government of India has signed a$318 Million loan agreement with world Bank’s International Bank for Reconstruction and Development (IBRD) for modernizing the irrigation projects to promote climate resilient agriculture and also to improve the water management and to create all small and marginal farmers for better access to markets in Tamil Nadu.

Benefits:
  • Tamil Nadu is water scarcity state, which is continuously facing the water shortage every year and also it will increase in coming years.
  • Under this project around 4800 irrigation tanks and 477 check dams across 66 sub basins will be rehabilitate and modernize to get more water to irrigation system in Tamil Nadu.
  • Around 500,000 small and marginal farmers will get benefit with the improved and modernized tank irrigation systems.
  • This project is expecting 18- 20 percent  increase the yields of rice, maize.
  • The project will also help farmers to shift from mono crop system (Paddy) to mixed cropping system (includes fruits, pulses,oilseeds) by giving support to better access to markets, giving post-harvest management, and giving modern technologies.


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