Questions

The major objective of the PMKSY is to achieve

•convergence of investments in irrigation at the field level,

•expand cultivable area under assured irrigation (Har Khet ko pani),

•improve on-farm water use efficiency to reduce wastage of water,

•enhance the adoption of precision-irrigation and other water saving technologies (More crop per drop),

•enhance recharge of aquifers and introduce sustainable water conservation practices by exploring the feasibility of reusing treated municipal based water for peri-urban agriculture and attract greater private investment in precision irrigation system.

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.