Maharashtra Government to acquire loan to finish on-going irrigation projects

09 Aug 2019 CW Staff

The proposal to acquire a long-term loan of Rs 150 billion has been approved by the Maharashtra Cabinet towards the completion of on-going irrigation projects in the state.

The step is a move in the direction of increasing irrigational capacity by approximately 0.29 million hectares, in the span of three years facilitated by the additional funding. Subsequently, 891 million cubic meters of water storage will also become available, thereby, cultivating a more efficient irrigation mechanism.

Currently, the under-construction projects amount to 313 with a total cost of Rs. 935.7 billion.

Annually, the Water Resources Department is allotted Rs 100 billion by the State Government, with a focus on garnering additional funds by pursuing various sources- which is inclusive of seeking assistance from the Central Government and taking loans through NABARD.

The projects to benefit from the loan are spread over Vidarbha, Marathwada and run along the rest of Maharashtra. Apart from these, reportedly, 26 projects have been shortlisted under the Prime Minister's Irrigation Scheme. NABARD has warranted Rs 192.51 billion as a long-term loan for the selected ventures at an interest rate of 6 per cent. The Central Government has also put in an extra funding of Rs 31.47 billion.

Additionally, Maharashtra Government’s special scheme - Baliraja Sanjivani, umbrellas over 91 projects that belong to farmer suicide affected areas as well as drought stricken lands as a means of providing relief to farmers.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..