Tamil Nadu Gets $318 Million World Bank Loan For Irrigation Projects
About 500,000 farmers are expected to benefit from the improved and modernized irrigation systems
The World Bank will provide a $318 million loan for modernisation of irrigation projects in Tamil Nadu and help small and marginal farmers improve water management and adopt climate resilient techniques.
Tamil Nadu farms and countryside, source: Wikimedia Commons
The project will also help increase market opportunities for small and marginal farmers.
A tripartite agreement has been signed today between the central government, the World Bank and the Tamil Nadu government, an official statement said.
"About 500,000 farmers, of which a majority are small and marginal, are expected to benefit from improved and modernized tank irrigation systems," it said.
Under the Tamil Nadu Irrigated Agriculture Modernisation Project, about 4,800 irrigation tanks and 477 check dams across 66 sub-basins will be rehabilitated and modernised to deliver bulk water to irrigation systems in the state.
Read full article: NDTV