STOCK MARKET BSE NSE

Ready for high-level panel to monitor long term irrigation fund use: Finance Minister

Noting that she would come back to the House after forming a committee which can look into these projects, Sitharaman said the review can be done along with the states.

Published: 09th December 2019 06:07 PM  |   Last Updated: 09th December 2019 06:07 PM   |  A+A-

Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman (Photo | PTI)

By PTI

NEW DELHI: Finance Minister Nirmala Sitharaman on Monday said the government will look at setting up a high-level committee to monitor use of long term irrigation fund.

The long term irrigation fund was instituted under NABARD in 2016-17 under the 'Pradhan Mantri Krishi Sinchyee Yojana-Accelerated Irrigation Benefits Programme' that envisages bringing 76 lakh hectares under irrigation through 99 identified projects.

"The funds which have been allotted and the projects which have benefited from it under the long term irrigation fund will be better served if there is a high-level committee to monitor it," Sitharaman told the Lok Sabha.

Noting that she would come back to the House after forming a committee which can look into these projects, Sitharaman said the review can be done along with the states.

"The suggestion that a high-level committee should consider reviewing it is a very well-taken point. I will certainly look into forming a high-level committee for reviewing it," she said during the Question Hour.

In a written reply, she said that as on March 31, 2019, cumulative loans sanctioned and disbursed, including towards both central and state share, were Rs 75,769.9 crore and Rs 34,248.73 crore, respectively, under the long term irrigation fund.

According to her, the same could be the case for many other projects under the National Bank for Agriculture and Rural Development (NABARD).



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp