Maharashtra Cabinet Greenlights Major Irrigation Boost with Rs 15,000 Crore NABARD Loan
In a significant move to enhance agricultural infrastructure, the Maharashtra state cabinet has given its approval for a substantial long-term loan of Rs 15,000 crore from the National Bank for Agriculture and Rural Development (NABARD). This funding is earmarked for the completion of 57 ongoing irrigation projects across the state, alongside the reconstruction and repair of 193 existing canals that are currently in poor condition.
Project Details and Financial Allocation
The cabinet meeting, chaired by Chief Minister Devendra Fadnavis, sanctioned the revised estimate for this initiative on Tuesday. Out of the total loan amount, Rs 8,972 crore will be allocated specifically to expedite and finalize the 57 irrigation projects within their designated timelines. Concurrently, Rs 6,017 crore is designated for the critical work on the 193 canals, which are essential for maximizing the efficiency of both new and existing irrigation systems.
Impact on Agricultural Land and Farmer Relief
Upon completion, these projects are projected to bring approximately eight lakh hectares of land under irrigation facilities, providing substantial relief to farmers throughout Maharashtra. This expansion is expected to bolster crop yields, reduce dependency on monsoon rains, and enhance overall agricultural productivity in the region.
Strategic Rationale from Chief Minister Fadnavis
Chief Minister Devendra Fadnavis emphasized the necessity of the NABARD loan, stating that it was crucial to complete ongoing projects that were already in various phases of development. He highlighted that many existing irrigation projects are not operating at their full potential due to deteriorated or broken canals. "The approval of work in 193 canals which are not operational would go a long way in maximizing the potential of the irrigation projects," Fadnavis remarked.
He further explained the cost-effectiveness of this approach, noting that initiating new irrigation projects to cover the same eight lakh hectares would require an estimated Rs one lakh crore. In contrast, by leveraging existing infrastructure and minimizing expenditure, the state has opted for the Rs 15,000 crore loan to achieve similar outcomes more efficiently.
Implementation and Future Prospects
The Water Resources Department is now poised to accelerate the ongoing work, ensuring that all 57 irrigation projects are completed promptly. This comprehensive plan not only addresses immediate infrastructure needs but also sets a foundation for sustainable agricultural growth in Maharashtra, aligning with broader goals of rural development and economic stability.
