India Inks $318 Million World Bank Loan For Tamil Nadu Irrigation Scheme


India Inks $318 Million World Bank Loan For Tamil Nadu Irrigation Scheme

The governments of India and Tamil Nadu on Tuesday signed an agreement with the World Bank for the multilateral lender to provide a $318 million loan for modernisation of irrigation projects in Tamil Nadu, improve market opportunities for small and marginal farmers and their adoption of climate resilient techniques.

According to an official statement here, around 5 lakh farmers, of which a majority are small and marginal, are expected to benefit from improved and modernized tank irrigation systems.

“About 500,000 farmers, of which a majority are small and marginal, are expected to benefit from improved and modernised tank irrigation systems,” a Finance Ministry statement said. Read More…

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