Maha govt seeks $600 mn loan from World Bank
Maharashtra Chief Minister Devendra Fadnavis

Kolhapur: (PTI) Maharashtra government has senta proposal to the World Bank seeking a loan of USD 600 millionfor a water conservation project to be implemented in about20,000 drought-hit villages of the state, Chief Minister Devendra Fadnavis said today.

Maha govt seeks $600 mn loan from World Bank

“State government has sent a proposal to the World Bank seeking a loan of USD 600 million on low interest rate…

it is anticipated to be sanctioned shortly. We envisage toutilise the fund by implementing a water conservation project in nearly 20,000 villages in next five years,” Fadnavis said while addressing a farmers’ rally in Kagal tehsil here.

He said the project, aided by the World Bank, will help drought-stricken villages overcome parched conditions which have been prevalent in the state for the last couple of years.

The chief minister said far more investment is needed in agriculture for sustainable and reasonable farming.

He appealed to the farmers and others to participate in the state-run Jalayukt Shivar Yojana.

“We have to focus on proper water management and will have to create water bodies in a decentralised manner. Bigdams are necessary but decentralised water bodies are also necessary,” Fadnavis said.

The chief minister also explained about the relation between drip and micro irrigation and better productivity infarms and said there is huge difference in irrigation through canals and drip.

“Drip irrigation definitely improves productivity.

Keeping this in mind, state government is now in favour of supplying water through pipes instead of canals,” he said.

Meanwhile, Fadnavis said that development of Kolhapur airport is on the priority list of the government.

Addressing a function of local industrialists atShiroli, the chief minister appealed to them to contributetowards ‘Make in India’.

He also assured his government’s support inintroducing modern technology in foundry units in Kolhapur.

Maha govt seeks $600 mn loan from World Bank