What is the total amount allocated for the

Solution

The Micro-Irrigation Fund (MIF), under the PradhanMantriKrishiSinchayeeYojana (PMKSY), has allocated ₹4,709 crore for providing loans to enhance irrigation coverage. The fund supports farmers in adopting micro-irrigation systems like drip and sprinkler irrigation, which improve water efficiency and ensure better crop yields, particularly in water-scarce regions. Important Points: • Objective: To promote micro-irrigation techniques and improve water-use efficiency in agriculture. • Launch Year: 2016 • Nodal Ministry: Ministry of Agriculture and Farmers Welfare • Implementing Agency: NABARD (National Bank for Agriculture and Rural Development) • Key Benefits: o Financial assistance for adopting water-efficient irrigation methods. o ₹4,709 croreloan approved under the MIF. o Helps conserve water, improve crop productivity, and reduce costs. • Impact: Promotes water-efficient irrigation, supporting farmers, especially in drought-prone areas.