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The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi today has approved an initial Corpus of Rs.5,000 crore for setting up of a dedicated “Micro Irrigation Fund” (MIF) with NABARD under Pradhan MantriKrishiSinchayeeYojana (PMKSY).  

Details:

  • The allocation of Rs. 2,000 crore and Rs. 3,000 crore will be utilised during 2018-19 and 2019-20 respectively.  NABARD will extend the loan to State Governments during this period.  Borrowings from NABARD shall be paid back in 7 years including the grace period of two years.
  • The lending rate under MIF has been proposed at 3% lower than the cost of raising the fund by NABARD.
  • This cost shall be met from the ongoing scheme of PMKSY-PDMC by amending the existing guidelines
  • The total financial implication on interest subvention comes to about Rs 750 crore.

Benefits:

  • The dedicated Micro Irrigation Fund would supplement the efforts of Per Drop More Crop Component (PDMC) of Pradhan MantriKrishiSinchayeeYojana in an effective and timely manner.
  • With the additional investment for micro irrigation accessing MIF, innovative composite/ commodity/ community/ cluster based micro irrigation projects/ proposals may bringabout 10 lakh ha.
  • The Fund will facilitate States to mobilise resources for theirinitiatives, including additional (top up subsidy) in implementation of PMKSY-PDMC toachieve the annual target of about 2 Million ha/year during the remaining period of 14thFinance Commission under Per Drop More Crop Component of PMKSY as recommended by the Group of Secretaries.

Implementation Strategy and targets:

States may access MIF for innovative integrated projects, including projects in the Public Private Partnership (PPP) mode and also for incentivizing micro irrigation through an additional (top up) subsidy over and above the one available under PMKSY-PDMC Guidelines and for covering additional areas. It should not be a substitute for State's share in PMKSY-PDMC.

Farmers Producers Organization (FPO)/Cooperatives/State Level Agencies can also access the funds with State Government Guarantee or equivalent collateral. Farmers Co-operatives may access this fund for innovative cluster based Community Irrigation Projects.

An Advisory Committee to provide policy direction and ensure effective planning, coordination and monitoring along with a Steering Committee for examining and approving the Projects/proposals from State Governments (total cost, eligible loan amount to the State and phasing), coordination and monitoring to ensure time bound implementation of the assisted projects/proposals within approved cost and phasing is proposed to be constituted.

Coverage:

The approval shall have Pan India coverage. With the operation of MIF, it is expected that the States which are lagging behind in adoption of Micro Irrigation would also be encouraged to take advantage of the fund for incentivizing farmers as being done by the good performing States. Besides, community driven and innovative projects to be taken up by the States would bring additional coverage of Micro Irrigation.

Rationale:

The Task Force on Micro Irrigation had estimated a potential of 69.5 m ha under micro irrigation, whereas the area covered so far is only about 10 m. ha (14%). Further, the Group of Secretaries, 2017, emphasized on target of 10 million ha under micro irrigation over the next 5 years, which would require an additional annual coverage of about 1 million ha compared to the present pace of implementation. This can be accomplished by effective utilization of the resources of both PMKSY-PDMC and MIF in any or both of the following manner:

•    To facilitate the States in mobilising the resources for expanding coverage of Micro Irrigation by taking up special and innovative projects

•    To incentivise micro irrigation beyond the provisions available under PMKSY-PDMC to encourage farmers to install micro irrigation systems

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Remembering Netaji Subhas Chandra Bose - PM Inaugurates Subhas Chandra Bose Museum at Red Fort
January 23, 2019
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PM Visits Yaad-e-Jallian Museum, Museum on 1857 and Drishyakala Museum in Delhi All 4 Museums named as Kranti Mandir.

Remembering the heroes of freedom struggle, the Prime Minister, Shri Narendra Modi paid floral tributes and inaugurated the Subhas Chandra Bose museum at Red Fort today, to mark his 122nd birth anniversary.  

He visited the Museum on Netaji Subhas Chandra Bose and Indian National Army. PM said, ‘I bow to Netaji Subhas Chandra Bose on his Jayanti. He was a stalwart who committed himself towards ensuring India is free and leads a life of dignity. We are committed to fulfilling his ideals and creating a strong India.’  He also added that History echoes from these walls. In this very building, brave sons of India, Colonel Prem Sahgal, Colonel Gurbaksh Singh Dhillon and Major General Shah Nawaz Khan were put on trial by the colonial rulers. He glanced over the photographs depicting a detailed account of Subhas Chandra Bose and the history of Indian National Army. PM also saw some of the artefacts associated with Netaji and INA such as wooden chair and sword used by Netaji, medals, badges and uniforms of INA. 

The Prime Minister browsed at the photographs, paintings and newspaper clippings depicting the authentic account of Jallianwala Bagh massacre  showcased in the Yaad-e-Jallian Museum. The museum intends to take visitors through the history of Jallianwala Bagh massacre of 1919 and sacrifices made by Indian soldiers during World War-1. 

He also visited the Museum on 1857- India’s first war of Independence and saw the portrayal the historical narrative of 1857 war of independence, showcasing the valour and sacrifices made by Indians during the period. These museums to showcase the sacrifice of our freedom fighters. 

Prime Minister had a look at the Exhibition on Indian Art at the Drishyakala- Museum organized at the same venue. He said ‘To see Gurudev Tagore’s works at Drishyakala is a treat for art lovers. We all know Gurudev Tagore as a prolific writer but he also had a strong link with the world or art. He produced lots of works, featuring multiple themes. Gurudev’s works were also exhibited internationally.’ He also tweeted ‘I would specially urge art lovers to visit Drishyakala, which will take you through the finest aspects of Indian art and culture. Works of eminent Indian artists like Raja Ravi Varma, Gurudev Tagore, Amrita Sher-Gil, Abanindranath Tagore, Nandlal Bose, Gaganendranath Tagore, Sailoz Mookherjea amd Jamini Roy are on display at the exhibition.

PM while inaugurating the museums said that,  it was extremely humbling to inaugurate four museums relating to India's rich history and culture. All four museums have been named as Kranti Mandir. This complex includes Museums on Netaji Subhas Chandra Bose and the Indian National Army, Yaad-e-Jallian Museum (on Jallianwala Bagh and World War 1), Museum on 1857- India’s First War of Independence and Drishyakala Museum on Indian Art, spanning three centuries, with over 450 works of art!

Kranti Mandir is a tribute to the revolutionary zeal and courage of our great freedom fighters. Ahead  of the Republic Day, these will deepen the connect between our glorious history and our youth as well as add to the patriotic fervour among citizens.