financetom
Economy
financetom
/
Economy
/
Budget 2020: 41% jump in micro-irrigation allocation. Is it sufficient to meet agriculture water shortage?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Budget 2020: 41% jump in micro-irrigation allocation. Is it sufficient to meet agriculture water shortage?
Feb 3, 2020 6:03 AM

The Budget allocation for the micro irrigation scheme of the government has seen a 41 percent increase compared to the revised estimates for the current financial year. Finance Minister Nirmala Sitharaman has allocated Rs 11,127 crore under this scheme for FY21.

However, experts point out to the lower expenditure in the scheme in FY20. There was 18 percent unutilised fund of the allocated sum in the current financial year for the scheme that promotes ‘Per Drop More Crop’ by focusing on micro-irrigation systems (sprinkler, drip, pivots, rain-guns etc).

At Rs 7,896 crore in revised estimates for FY20, it is in fact marginally lower than the actual expenditure in FY18-19, which was at Rs 8143 crore.

Some say that certain states submit their data and reports later and so the expenditure might go up when the actual spend is announced.

Rajasthan, Maharashtra, Andhra Pradesh, Karnataka, Gujarat and Haryana are the six states that cover over 81 percent of the total area under micro irrigation. Considering large arid pockets in these regions and the states supporting micro-irrigation through subsidies, the central budgeted fund utilisation has seen more progress in these states.

However, other states such as Punjab, where an over dependence on ground water has created many blocks as dark zones are also looking at promoting micro irrigation as a tool to conserve water.

Ashok Dalwai, CEO of the Doubling Farmers' Income Committee, formed by the government, said, “There has been growing awareness in states like UP and Punjab that we need to use water efficiently to reduce cost of cultivation and improve soil health. We need to create more awareness and then PMKSY scheme can focus in these states as well.”

Water is becoming a focus with the finance minister emphasising on comprehensive measures for 100 water-stressed districts to overcome the shortage. Jal Shakti Ministry’s measures for water management is also expected to drive water management programs, he said.

Talking on the increased allocation, Dalwai said: “The government needs to ensure that we have budgetary and non-budgetary support and we have to emphasise on utilisation. Both have to run parallel.”

“Implementation needs to be more efficient. The central and state governments have to work together. Centre needs to educate states, ask them to submit proposals, start releasing money in time, push works.”

Apart from the budgetary support, last year the government had also approved an initial corpus of Rs 5000 crore for setting up a dedicated “Micro Irrigation Fund” with National Bank of Agricultural and Rural Development (NABARD). NABARD will extend loans to state governments to undertake special micro irrigation projects.

First Published:Feb 3, 2020 3:03 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US employment, wage growth expected to moderate in June
US employment, wage growth expected to moderate in June
Jul 4, 2024
WASHINGTON (Reuters) - U.S. job growth likely slowed to a still-healthy pace in June, with the unemployment rate holding steady at 4%, increasing the chances that the Federal Reserve will be able to tame inflation without tipping the economy into recession. The Labor Department's closely watched employment report on Friday is also expected to show annual wage growth rising at...
U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX's Collapse
U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX's Collapse
Jul 5, 2024
Mt. Gox fears have put BTC on a path to its largest weekly decline since November 2022.Weaker-than-expected U.S. jobs growth could put a floor under BTC, according to Bitfinex.The payrolls data due Friday is expected to show that the pace of job additions slowed sharply in June.As the sell-off in bitcoin {{BTC}} becomes unhinged, one analyst is pinning hopes on...
Fed's Williams: still 'a way to go' to reach 2% inflation goal
Fed's Williams: still 'a way to go' to reach 2% inflation goal
Jul 5, 2024
(Reuters) - The Federal Reserve has taken great strides in lowering inflation back down toward its 2% target rate but is still a way from achieving the goal, New York Fed Bank President John Williams said on Friday. We have seen significant progress in bringing it down, Williams said in prepared remarks to an event at the Reserve Bank of...
New York Federal Reserve President Highlights 'Significant Progress' In Taming Inflation, But 2% Target 'Still A Way To Go'
New York Federal Reserve President Highlights 'Significant Progress' In Taming Inflation, But 2% Target 'Still A Way To Go'
Jul 5, 2024
In a recent statement, New York Fed Bank President John Williams acknowledged the Federal Reserve’s ongoing efforts to bring inflation back to its 2% target. Although progress has been made, the goal is yet to be achieved. What Happened: Williams recognized the Federal Reserve’s progress in controlling inflation. However, he stated that the 2% target is still a distance away,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved