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Long Term Irrigation Fund

LTIF was operationalized in NABARD during 2016-17 for fast tracking the completion of the 99 identified Medium and Major Irrigation projects, spread across 18 states, in mission mode by December 2019. Subsequently, GoI approved the funding for Polavaram project in Andhra Pradesh, North Koel project in Bihar and Jharkhand, Relining of Sirhind & Rajasthan Feeders in Punjab and Shahpur kandi Dam in Punjab within the ambit of LTIF. Further, GoI approved the continuation of the arrangement for funding of the 99 prioritised projects under PMKSY-AIBP and CADWM upto 31st March 2021 or till the continuation of the scheme is approved, whichever is earlier, within the scope, nature, coverage and size of the approved scheme.
 
Under LTIF, NABARD provides loan towards Central share as well as State Share with a tenor of 15 years.  The Central share is provided to National Water Development Agency (NWDA), an agency working under the aegis of Ministry of Jal Shakti, GoI, whereas the loan towards State share is availed by the State Governments.
 
Loans towards Central share are entirely funded through Extra Budgetary Resources (EBRs) in the form of Government of India backed fully serviced bonds while the State share is entirely funded through market borrowings.  The loans are extended to State Governments at 6% per annum and the difference between the cost of fund for NABARD and 6% is compensated by Government of India through Interest Subvention. 
 
Cumulative loan sanctioned and released as at the end of 31 March 2021 was ` 84,326.60 crore and ` 52,479.71 crore respectively.  The details of State-wise sanction and release of funds as on 31 March 2021 are given as under:

State wise cumulative loan sanctioned and released as on 31 March 2021.

Sr. No. State Loan sanctioned Loan released
Central share State Share Central share State Share
1 Andhra Pradesh 425.07 513.87 91.81 489.34
2 Assam 195.04 116.01 7.55 108.10
3 Bihar 240.01 0 146.07 0
4 Chhattisgarh 165.73 80.07 62.79 0
5 Goa 17.6 0 3.84 0
6 Gujarat 8158.50 3611.03 5635.45 3611.03
7 Jammu & Kashmir 57.34 0 5635.45 0
8 Jharkhand 1847 518.1 756.73 518.1
9 Karnataka 1837.34 0 1183.32 0
10 Kerala 48.71 0 2.69 0
11 Madhya Pradesh 3537.52 2863.18 811.10 1083.86
12 Maharashtra 4627.50 18021.31 1796.79 11360.35
13 Manipur 309.86 390.37 228.35 370.02
14 Odisha 1751.81 5614.22 1340.82 3317.90
15 Punjab 143.71 0 70.5 0
16 Rajasthan 1084.67 423.06 509.94 319.15
17 Telangana 3478.83 0 673.86 0
18 Uttar Pradesh 4661.86 6431.34 1553.91 5553.06
Sub-Total 32588.09 38582.56 14921.78 26730.91
19 Polavaram 10465.82 - 9898.35 -
20 North Koel Reservoir 1378.61 - 721.22 -
21 Shahpurkandi Dam 485.35 - 207.45 -
22 Relining of Sirhind Feeder and Rajasthan Feeder 826.17 - 0.00 -
Gross-total 45744.04 38582.56 25748.80 26730.91

What We Do