Percentage of schools having computers up from 38% to 57%: Economic Survey (See 'Corp Brief') Research in Agri essential to improve production: Survey (See 'Corp Brief') Arbitration Act - Court to appoint independent sole arbitrator as appointment procedure choosed by parties is no longer valid: HC (See 'Legal Desk') 2/3rd of population now covered under National Food Security Act: Survey (See 'Corp Brief') Micro-Irrigation: Loans worth Rs 3640 Cr disbursed: Survey (See 'Corp Brief') A&C - Benefit of extension of limitation during COVID-19, cannot be granted to any party merely for asking, especially when there is default on part of party seeking such extension: HC (See 'Legal Desk') RM presents awards to best Marching Contingents and Tableaux of Republic Day (See 'Corp Brief') IBC - Pending investigations for inordinate period cannot deprive accused's right to travel abroad, if he is ready to comply with requisite conditions: HC (See 'Legal Desk') 'Gujarat Governance Model' offers best practices to be replicated elsewhere: MoS (See 'Corp Brief') IBC - Amount seized by Income Department and adjusted against demand prior to initiation of CIRP, can't be considered as assets of corporate debtor: NCLAT (See 'Legal Desk') India leading Global Energy Transition with unprecedented speed: Joshi (See 'Corp Brief') Mandaviya launches State-Specific Microsites under e-Shram Initiative (See 'Corp Brief') A&C - Issue of validity of arbitration agreement more particularly in respect of having essential elements of arbitration agreement, can better be considered and decided on merits by arbitration tribunal: HC (See 'Legal Desk') Minister inaugurates Handloom Conclave-Manthan (See 'Corp Brief') A&C - Date of receipt of corrected award would be taken as disposal date u/s 34 of Arbitration Act, even when application u/s 33 has been filed: HC (See 'Legal Desk') 76 on 76: Celebrating India's creative diversity with WAVES Comics (See 'Corp Brief') A&C - Sufficiency of reasons over number of days is considered, while determining plea of condonation of delay u/s 37(1)(2) of Arbitration Act: HC (See 'Legal Desk') Minister administers Pledge on TB Mukt Bharat (See 'Corp Brief') Misc - Suit for specific performance does not conclude after passing of decree and court retains its control even after decree is passed: SC (See 'Legal Desk') CCI okays acquisition of shareholding in ITD Cementation by Renew Exim DMCC (See 'Corp Brief') A&C - Jurisdiction of arbitral tribunal can't be challenged after submission of statement of defence: SC (See 'Legal Desk') DPIIT, JKEDI sign MoU to strengthen startup ecosystem in J&K (See 'Corp Brief') Trade Marks Act - Plaintiffs are held entitled for decree of permanent injunction restraining defendants from doing business, under trademark 'PENTA': HC (See 'Legal Desk') IPR - Deceptive similarity between INDIA GATE and BHARAT GATE marks is likely to result in confusion or presumption of association between them: HC (See 'Legal Desk')

Print

Micro-Irrigation: Loans worth Rs 3640 Cr disbursed: Survey

Published: Jan 31, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 31, 2025: THE government has prioritised irrigation development and water conservation practices to enhance access to irrigation facilities, states the Economic Survey 2024-25, tabled by Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman in the Parliament today. The coverage of irrigation area has increased between FY16 and FY21 from 49.3 per cent to 55 per cent of the gross cropped area (GCA), while irrigation intensity has risen from 144.2 per cent to 154.5 per cent.

MICRO-IRRIGATION

Per Drop More Crop

The Economic Survey states that since the FY16 fiscal year, the government has been implementing the Per Drop More Crop (PDMC) initiative, a component of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), to promote water efficiency. From FY16 to FY25 (end of Dec. 2024), Rs 21968.75 crore was released to states for implementation of PDMC Scheme and an area of 95.58 lakh ha has been covered under which is about 104.67 per cent higher as compared to the Pre-PDMC period.

Micro-Irrigation Fund

The Micro-Irrigation Fund (MIF) supports innovative projects through 2 per cent interest subvention to states on loans availed under MIF. Loans amounting to Rs 4709 crore has been approved of which Rs 3640 crore has been disbursed so far.

Rainfed Area Development Program

The Rain-fed Area Development (RAD) program has been implemented to develop and conserve natural resources alongside farming systems as part of the National Mission for Sustainable Agriculture (NMSA) since FY15. From FY22 onwards, the RAD scheme has been integrated into the Rashtriya Krishi Vikas Yojana (RKVY). So far, Rs 1,858.41 crore have been allocated, covering an area of 8.00 lakh hectares under the RAD program since its inception.

ORGANIC FARMING

The Economic Survey states that to support organic farming, the government has implemented two dedicated schemes since 2015: the Paramparagat Krishi Vikas Yojana (PKVY) and the Mission Organic Value Chain Development for North Eastern Region (MOVCDNER). Under PKVY, 52,289 clusters covering 14.99 lakh hectares and 25.30 lakh farmers have been mobilised. Similarly, under MOVCDNER, 434 Farmer Producer Companies have been created, covering a total area of 1.73 lakh hectares and benefiting 2.19 lakh farmers.

COOPERATIVE SOCIETIES

The Economic Survey states that Cooperative societies in India serve a vital function across many sectors, including agriculture, credit and banking, housing, and women's welfare. To strengthen the cooperative sector, the Indian government has implemented various strategic initiatives. These include the introduction of Model Bye-Laws specifically for Primary Agricultural Credit Societies (PACS), designed to provide a structured framework for their operations. Measures like the establishment of retail petrol and diesel outlets and the setting up of micro-ATMs within cooperative societies to facilitate easier access to banking services are aimed at enriching the cooperative landscape. Moreover, the issuance of RuPay Kisan Credit Cards specifically for dairy cooperatives aims to improve the financial capabilities of these entities and their members.

Over 9,000 new PACS, dairy, and fishery cooperatives in underserved panchayats have been established, receiving support from various federations. As part of the government's push for greater accessibility, 240 PACS have applied for retail petrol and diesel outlets, with 39 currently selected to operate, thus expanding their service offerings. Furthermore, a substantial number-35,293 PACS-are now functioning as Pradhan Mantri Kisan Samriddhi Kendras (PMKSK), which are dedicated to providing essential fertilizers and related services to farmers, directly impacting agricultural productivity. Further, 1,723 micro-ATMs have been distributed, facilitating doorstep financial services and enhancing accessibility for rural populations.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.