Benefit
Govt benefit
Deadline
Ongoing
Beneficiaries
6,950,000
Sector
Drip Irrigation, Sprinkler I...
Overview
MIF provides concessional credit to states for expansion of micro-irrigation coverage with 3% interest subvention on loans availed from NABARD.
Launched on 01 Jul 2018
Benefits
Payment mode
Loan
3% interest subvention, Long-term credit, Water use efficiency, Increased productivity
Scheme components:
- Concessional Credit
- Interest Subvention
- State Support
Eligibility
- Categories
- State Governments, Farmers through States
- Beneficiary type
- Individual
- Age
- 18 – no upper limit years
- Land holding
- 0.50 – any acres
- Gender
- All
- States
- All India
How to apply
Application mode: Through State
- States apply to NABARD, farmers benefit through state schemes.
Documents required
- State Proposal
- Land Documents
- Irrigation Plan
Official links & contacts
Impact & success
69.5 lakh hectares covered, 40-70% water saving achieved