New Delhi: A meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi in New Delhi today cleared budget of Rs 93,068 crore for the implementation of Pradhan Mantri Krishi Sinchayee Yojana in the next five years. It includes central assistance of Rs 37,454 crore to States and also servicing of debt of over Rs 20,400 crore taken by the government for the completion of irrigation projects during the last five years.
Under the projects cleared today, two dams will be built in hilly states that will improve drinking and irrigation water supply not only in Uttarakhand and Himachal Pradesh where these dams will be built, but they will also benefit farmers in Uttar Pradesh, Haryana and Rajasthan.
The schemes cleared include the central funding of 90% of water component for two national projects - Renukaji Dam Project in Himachal Prades which will be built on Giri river and Lakhwar Multipurpose Project in Uttarakhand.
Officials said these two projects would provide storage in Yamuna basin that would benefit five states of upper Yamuna basin such as Himachal Pradesh, Uttarakhand, Uttar Pradesh, Haryana and Union territory of Delhi as it would lead to rejuvenation of Yamuna.
The government said it would benefit about 22 lakh farmers, including 2.5 lakh SC and 2 lakh ST farmers.
Lakhwar and Renuka Ji projects would be included under the Accelerated Irrigation Benefit Programme (AIBP) that is focused on early completion of 60 ongoing projects.
The funding approval granted by the Centre includes central support of Rs 37,454 crores to States and Rs 20,434.56 crores for the servicing of loans availed by the Government for irrigation projects under the PMKSY scheme during 2016-21.
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The CCEA cleared three components for continuation during the next five years - Accelerated Irrigation Benefit Programme (AIBP), Har Khet ko Paani (HKKP) and Watershed Development component.
Under the AIBP, the Centre provides financial assistance to States for development of irrigation projects. Under this component, the Centre is targeting the creation of irrigation potential in an area of around 13.88 lakh hectare during the next five years.