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The Long Term Irrigation Fund (LTIF) is a fund under the National Bank for Agriculture and Rural Development (NABARD) for implementation of major and medium irrigation projects in India.
It was announced by Union Finance Minister, Arun Jaitley during the Union Budget Speech 2016-17 with an initial corpus of Rs. 20,000 crore. [1] In the 2017-18 budget, another Rs. 20,000 were allocated. [2] In addition, Rs. 5,000 crore were allocated for encouraging micro irrigation. [3]
During 2016-17, the LTIF sanctioned Rs. 49,889.60 crore and released Rs.9,086.03 crore. [4]
In 2018, NABARD sanctioned 12,773 crore to Maharashtra for 26 projects. [5]
The LTIF has identified 99 projects to fund in 18 states. In addition, it funds the Polavaram National Project in Andhra Pradesh and North Koel Reservoir Project in Bihar and Jharkhand. [6]
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. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing and implementing financial inclusion.
Marpadi Veerappa Moily is an Indian politician belonging to the Indian National Congress from the state of Karnataka.
Members of Parliament Local Area Development Scheme (MPLADS) is a scheme formulated by Government of India on 23 December 1993 that enables the members of parliaments (MP) to recommend developmental work in their constituencies with an emphasis on creating durable community assets based on locally felt needs.
Social security is divided by the Indian government into seven branches: healthcare and medical insurances; old age/retirement benefits; unemployment insurance; life and disability insurance; maternity and childcare benefits; rural job guarantee; and food security. These cover most of the Indian population with adequate social protection in various stages of their lives. The Central Government of India's social security and welfare expenditures are a substantial portion of the official budget and as well as the budgets of social security bodies, and state and local governments play roles in developing and implementing social security policies. Additional welfare measure systems are also uniquely operated by various state governments. The government uses the unique identity number (Aadhar) that every Indian possesses to distribute welfare measures in India. The comprehensive social protection system of India can be categorised as the follows: social assistance and mandatory social security contributory schemes mostly related to employment. The Code On Social Security, 2020 is part of the Indian labor code that deals with employees' social security and have generous provisions on retirement pension, healthcare insurance and medical benefits, sick pay and leaves, unemployment benefits and paid parental leaves. The largest employment related social security programs backed by The Code On Social Security, 2020 are the Employees' Provident Fund Organisation for retirement pension, provident fund, life and disability insurance and the Employees' State Insurance for healthcare and unemployment benefits along with sick pays. There is also the National Pension System which is increasingly gaining popularity. These are funded through social insurance contributions on the payroll. While the National Food Security Act, 2013, that assures food security to all Indians, is funded through the general taxation.
Pune Metro is a metro rail based rapid transit system under construction to serve the city of Pune, India.
The economy of Odisha is one of the fastest growing economy in India. According to 2014-15 economic survey, Odisha's gross state domestic product (GSDP) was expected to grow at 8.78%. Odisha has an agriculture-based economy which is in transition towards an industry and service-based economy. According to recent estimates, the size of Odisha's economy has increased by 122.27 per cent during the last six years in terms of the gross state domestic product (GSDP). Thereby, Odisha achieved an annual average growth rate of 6.23 per cent during that period. Odisha is also one of the top FDI destinations in India. In the fiscal year 2011–12, Odisha received investment proposals worth ₹49,527 crore. According to the Reserve Bank of India, It received ₹53,000 crore worth of new FDI commitments in the 2012-13 fiscal year.
Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches.
The 2009 Union budget of India was presented by the finance minister, Pranab Mukherjee, on 6 July 2009.
All India Financial Institutions (AIFI) is a group composed of financial regulatory bodies that play a pivotal role in the financial markets. Also known as "financial instruments", the financial institutions assist in the proper allocation of resources, sourcing from businesses that have a surplus and distributing to others who have deficits - this also assists with ensuring the continued circulation of money in the economy. Possibly of greatest significance, the financial institutions act as an intermediary between borrowers and final lenders, providing safety and liquidity. This process subsequently ensures earnings on the investments and savings involved. In Post-Independence India, people were encouraged to increase savings, a tactic intended to provide funds for investment by the Indian government. However, there was a huge gap between the supply of savings and demand for the investment opportunities in the country.
In Tamil Nadu, the Highways & Minor Ports Department (HMPD) is primarily responsible for construction and maintenance of roads including national highways, state highways and major district roads. HMPD was established as Highways Department (HD) in April 1946 and subsequently renamed on 30 October 2008. It operates through seven wings namely National Highways Wing, Construction & Maintenance Wing, NABARD and Rural Roads Wing, Projects Wing, Metro Wing, Tamil Nadu Road Sector Project Wing, Investigation and Designs Wing geographically spread across the state in 38 districts with about 120 divisions and 450 subdivisions.
The Polavaram Project is an under construction multi-purpose irrigation project on the Godavari River in the West Godavari District and East Godavari District in Andhra Pradesh. The project has been accorded National project status by the Union Government of India. Its reservoir back water spreads up to the Dummugudem Anicut and approx 115 km on Sabari River side. Thus back water spreads into parts of Chhattisgarh and Odisha States. It gives major boost to tourism sector in Godavari Districts as the reservoir covers the famous Papikonda National Park, Polavaram hydro electric project (HEP) and National Waterway 4 are under construction on left side of the river. It is located 40 km to the upstream of Sir Arthur Cotton Barrage in Rajamahendravaram City and 25 km from Rajahmundry Airport.
Irrigation in India includes a network of major and minor canals from Indian rivers, groundwater well based systems, tanks, and other rainwater harvesting projects for agricultural activities. Of these groundwater system is the largest. In 2013–14, only about 36.7% of total agricultural land in India was reliably irrigated, and remaining 2/3 cultivated land in India is dependent on monsoons. 65% of the irrigation in India is from groundwater. Currently about 51% of the agricultural area cultivating food grains is covered by irrigation. The rest of the area is dependent on rainfall which is most of the times unreliable and unpredictable.
Chhotu Ram "C. R." Chaudhary is a member of the Bharatiya Janata Party and won the 2014 Indian general elections from the Nagaur Constituency in Rajasthan. He was named Minister of State of the Department of Consumer Affairs, Food and Public Distribution. In the cabinet expansion of September 2017, he also named Minister of State for the Ministry of Commence and Industry.He Started career as College Lecturer in Government College Sirohi, Dausa and Ajmer from 1971–1977.He is also a Retd. IAS and Ex- Chairman of Rajasthan Public Service Commission from 2006–2010.
The Housing and Urban Development Corporation Limited (HUDCO) is a government corporation under the ownership of Ministry of Housing and Urban Affairs, Government of India in India. One of the Government Corporations (GC), it is listed Company on NSE and BSE with major shareholding of Government of India holding (89.81%) and is under the administrative control of the Ministry of Housing and Urban Affairs.
National Smart Cities Mission is an urban renewal and retrofitting program by the Government of India with the mission to develop smart cities across the country, making them citizen friendly and sustainable. The Union Ministry of Urban Development is responsible for implementing the mission in collaboration with the state governments of the respective cities. The mission initially included 100 cities, with the deadline for completion of the projects set between 2019 and 2023. The effective combined completion of all projects as of 2019 is at 11%.
Saurashtra Narmada Avtaran Irrigation (SAUNI) is a project launched by Indian Prime Minister Narendra Modi with objective of filling 115 major dams by diverting floodwaters overflowing from the Sardar Sarovar Dam across the Narmada river to the drought areas.
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Indian non-banking financial company headquartered in the city of Pune, India. The company deals in consumer finance, SME and commercial lending, and wealth management.
The 2017 Union Budget of India is the
Pradhan Mantri Kisan Samman Nidhi is an initiative by the government of India in which all farmers will get up to ₹6,000 per year as minimum income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019. The scheme has cost ₹75,000 crore per annum and has come in effect from December 2018. ₹6000 per year will be paid to each eligible farmer in three instalments and will be deposited directly to their bank accounts.
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