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

National Bank for Agriculture and Rural Development The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central ...

(NABARD) for implementation of major and medium

irrigation Irrigation (also referred to as watering of plants) is the practice of applying controlled amounts of water to land to help grow crops, landscape plants, and lawns. Irrigation has been a key aspect of agriculture for over 5,000 years and has bee ...

projects in India.

Operations

It was announced by Union Finance Minister,

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 (ISO 15919, ISO: , , AP) is a States and union territories of India, state on the East Coast of India, east coast of southern India. It is the List of states and union territories of India by area, seventh-largest state and th ...

and North Koel Reservoir Project in

Bihar Bihar ( ) is a states and union territories of India, state in Eastern India. It is the list of states and union territories of India by population, second largest state by population, the List of states and union territories of India by are ...

and

Jharkhand Jharkhand (; ) is a States and union territories of India, state in East India, 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 ...

References

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