Micro Irrigation Fund (MIF) has been created under NABARD

The Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) is implementing a Centrally Sponsored Scheme of  ‘Per Drop More Crop’ component of ‘Pradhan Mantri Krishi Sinchayee Yojana (PMKSY-PDMC)’ from  2015-16 in all the States of the country which  focuses on enhancing water use efficiency at farm level through Micro Irrigation viz. Drip and Sprinkler irrigation systems.

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Besides promoting Micro Irrigation, this component also supports micro level water storage or water conservation/management activities to supplement source creation for Micro Irrigation. 

Efforts are being made to converge ‘Per Drop More Crop’ Scheme with Atal Bhujal Yojana (ABHY), Namami Gange Districts, Pradhan Mantri Kisan Urja Surakshaevem Utthan Mahabhiyan (PM-KUSUM), Water Harvesting Structures through Watershed Development component of PMKSY to propagate micro irrigation intensively

With a view to provide impetus to the Micro Irrigation in the country, The Micro Irrigation Fund (MIF) with a corpus of Rs. 5000 Crore was created with NABARD during 2018-19. The GoI provides 3% interest subvention on loans extended to State Govt. under MIF.