The Long Term Irrigation Fund (LTIF) is a fund under the

National Bank for Agriculture and Rural Development National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India ...

(NABARD) for implementation of major and medium

irrigation Irrigation (also referred to as watering) is the practice of applying controlled amounts of water to land to help grow Crop, crops, Landscape plant, landscape plants, and Lawn, lawns. Irrigation has been a key aspect of agriculture for over 5,00 ...

projects in India.

Operations

It was announced by

Union Finance Minister The Ministry of Finance ( IAST: ''Vitta Maṃtrālaya'') is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation ...

Arun Jaitley Arun Jaitley (28 December 1952 – 24 August 2019) was an Indian politician and attorney. A member of the Bharatiya Janata Party, Jaitley served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. Jait ...

during the Union Budget Speech 2016-17 with an initial corpus of Rs. 20,000 crore. In the 2017-18 budget, another Rs. 20,000 were allocated. In addition, Rs. 5,000 crore were allocated for encouraging micro irrigation. During 2016-17, the LTIF sanctioned Rs. 49,889.60 crore and released Rs.9,086.03 crore. In 2018, NABARD sanctioned 12,773 crore to Maharashtra for 26 projects. The LTIF has identified 99 projects to fund in 18 states. In addition, it funds the Polavaram National Project in

Andhra Pradesh Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the ...

and North Koel Reservoir Project in

Bihar Bihar (; ) is a state in eastern India. It is the 2nd largest state by population in 2019, 12th largest by area of , and 14th largest by GDP in 2021. Bihar borders Uttar Pradesh to its west, Nepal to the north, the northern part of West Be ...

and

Jharkhand Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . It ...

References

Agricultural finance in India Irrigation in India {{India-agri-stub