The government has approved Rs 50,000 crore for the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) for the next five years. The scheme aims at providing irrigation facilities to every village by converging the ongoing schemes being implemented by key ministries such as agriculture, water resources and rural development.

For the current fiscal, the finance ministry has allocated Rs 5,300 crore for PMKSY. At present, around 142 million hectares are used for cultivation, out of which only 45% of farmland has irrigation facilities. .

The cost of implementing PMKSY would be shared as 75% grant by the central government and the remaining 25% would be borne by the state government. For north-eastern region and hilly states, the funding pattern would be 90% to 10%..............Read more

Source web page: The Financial Express