ADB funds $375 mn loan for Madhya Pradesh Irrigation Efficiency Improvement Project
29th August, 2018Category: International, Irrigation
The Asian Development Bank (ADB) and the Government of India today signed a $375 million loan agreement to contribute to double farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency. The Madhya Pradesh Irrigation Efficiency Improvement Project will develop 125,000 hectares (ha) of new, highly efficient and climate resilient irrigation networks, and improve water use efficiency in more than 400 villages, benefiting over 800,000 people in Madhya Pradesh.
The project will focus on two large irrigation systems. At the first of these—the Kundalia irrigation project—it will develop 125,000 ha of new and highly efficient and climate resilient irrigation networks. The project will also help farmers to adopt micro-irrigated agriculture including high-value crops. For the second large irrigation system, the existing Sanjay Sarovar Irrigation Project, the project will prepare a comprehensive modernization feasibility study and other preparatory work for a soundly designed project.
Read More: ADB News Releases, Press Information Bureau, The Financial Express