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GOI sanctions loan for micro irrigation projects in Tamil Nadu

Published on November 21, 2020
Current Context: The GOI has sanctioned a loan amount for the development of micro-irrigation projects in Tamil Nadu.
GOI sanctions loan for micro irrigation projects in Tamil Nadu
  • In this regards, GOI has sanctioned a loan of Rs 3,971 crores at a subsidised interest rate under micro-irrigation Fund (MIF).
  • The MIF is created by National Bank for Agriculture and Rural Development (NABARD) for implementing micro-irrigation projects.
  • In FY 2019-20, GOI created MIF with a Corpus of Rs 5,000 crores with an aim to provide subsidized loan for Indian states for increasing their coverage of micro-irrigation.
  • Static Part: 
    • HQ of NABARD: Mumbai
    • Chairman of NABARD: Dr G.R. Chintala
    • Lakes in Tamil Nadu: Berijam Lake, Kaliveli Lake, Kaveripakkam Lake, Kodaikanal Lake, Ooty Lake, Perumal Eri, Sholavaram Lake, Singanallur Lake, Veeranam Lake

Question: 

Q.1 Recently GOI has sanctioned a loan of Rs 3,971 crores at a subsidised interest rate under micro-irrigation Fund (MIF) to which Indian state?
a. Assam
b. Maharashtra
c. Tamil Nadu
d. Kerala
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