Budget Allocation for Water Resources Ministry increased by more than 11 percent
LTIF Corpus Doubled
The allocation for the Ministry of Water Resources, River Development and Ganga Rejuvenation in this year’s Union budget has been raised by more than 11 percent.
The allocation for the Ministry in the year 2016-17 was Rs. 6201 crore which has been increased to Rs. 6887 crore in this year’s budget. The allocation for Namami Gange programme has also been increased from Rs. 2150 crore to Rs. 2250 crore. The corpus of Long Term Irrigation Fund (LTIF) instituted in NABARD as part of Pradhan Mantri Krishi Sinchai Yojana (PMKSY) has been doubled from Rs. 20000 crore to 40000 crore.
The government had made a budgetary provision of Rs. 12,517 crore for the fund in the Union budget of 2016-17.