The Government has proposed to initiate the scheme “Pradhan Mantri Krishi Sinchayee Yojana”. Announcing this during his maiden Budget Speech in the Lok Sabha today, the Finance Minister Shri Arun Jaitley said that there was a need to provide assured irrigation to mitigate risk to the farmer since bulk of the farm lands are rainfed and depend on monsoon. This scheme would facilitate access to irrigation. Shri Jaitley said that a sum of ₹ 1,000 crores is being set aside for this scheme.
 

Assured irrigation scheme to expand farmer access to irrigation and reduce monsoon-related agricultural risk through a new national program. Proposal to initiate the Pradhan Mantri Krishi Sinchayee Yojana as a national irrigation scheme to expand farmer access to irrigation and reduce agricultural dependence on monsoon, facilitating access to irrigation infrastructure and services with a dedicated budgetary allocation to support initial implementation.