Write a note the objectives and the importance of newly launched Pradhan Mantri Krishi Sinchai Yojana (PMKSY) for Indian agriculture. (200 Words)

The newly launched Pradhan Mantri Krishi Sinchai Yojana(PMKSY) will meet following objectives:
  1. To increase the area of agricultural lands covered by irrigation and reduce dependency on monsoon.
  2. To improve on farm water use efficiency by adopting water management techniques adoption of precision-irrigation and other water-saving technologies to reduce wastage of water.
  3. Enhancing recharge of aquifers and introducing sustainable water conservation practices .
Importance of PMKSY:
  1. Will seek to integrate the labor force available under the MNREGA with the scheme to facilitate the completion of various irrigation projects thus utilizing it to create durable and useful assets which was a long standing problem facing the MNREGA .
  2. Will make a proposed investment of Rs 50000 crores spread over next five years.
  3. Seeks to encourage enthusiastic participation of states and local bodies by allowing states to draw up a District Irrigation Plan (DIP) and a State Irrigation Plan ( SIP),thus promoting greater level of vertical cooperation .
  4. Aims at bringing ministries like ministry of water, ministry of irrigation, ministry of rural development, departments, research and financial institutions engaged in creation/recycling/potential recycling of water under a common platform .
  5. Will put a 3 level strict monitoring mechanism viz. District, State, and National levels



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