World Bank opens ₹2,700-cr tap for Maharashtra

Our Bureau New Delhi | Updated on April 06, 2018

Funds to boost climate resilient farming in drought-hit Marathwada, Vidharba

The World Bank on Friday approved a ₹2,700-crore loan to improve water harvesting structures and adopt climate resilient agricultural practices in the water-starved Vidarbha and Marathwada regions of Maharashtra.

The multilateral funding agency signed an agreement with the Centre and the Maharashtra government for a 30-year long loan from the International Bank for Reconstruction and Development, which will be used to improve water availability in rain-fed areas in these regions, an official release said.

Called Maharashtra Project for Climate Resilient Agriculture, the project is said to benefit seven million people, mainly small and marginal farmers, in over 5,100 villages in 15 climate vulnerable districts in these two regions.

The project is expected to take a series of measures at the farm and watershed level.

It will scale up climate-resilient technologies such as micro irrigation systems, expand surface water storage and facilitate aquifer recharge, which is expected to directly contribute to a more efficient use of scarce water resources, the release said.

Besides, it will encourage farmers to adopt seeds of short-duration, and drought and heat-resistant crops so that farmers face lesser risk of climate-related crop failure.

Published on April 06, 2018

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