Questions and Answers
What percentage of the total allocation does the total sanctions under Tranche XXIX represent?
124%
What was the total amount disbursed by the RIDF as of 31 March 2024?
₹42,563.92 crore
Under which sector did the highest sanction amount fall within Tranche XXIX?
Agriculture Related (including irrigation)
What is the total number of projects sanctioned under the sectors mentioned?
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What was the cumulative loan sanctioned to various State Governments by 31 March 2024?
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What was the target amount that the RIDF aimed for in disbursements?
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Calculate the total amount sanctioned in the Social Sector under Tranche XXIX.
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What is the cumulative corpus amount as against which the cumulative loan has been sanctioned?
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What was the total cumulative loan sanctioned as of 31 March 2024?
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What amount was released under LTIF for the Govt. of Jharkhand in 2023-24?
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What is the initial corpus amount of the Micro Irrigation Fund (MIF) established in 2019-20?
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How many states have executed the Tri-partite Memorandum of Agreement under MIF?
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As of 31 March 2024, what was the cumulative amount released under the Central share?
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What is the time frame for the MIF funding arrangement to operate?
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What amount constitutes the State Share of the total cumulative loan sanctioned?
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Which program's provisions does the MIF aim to incentivize adoption beyond?
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What is the total cumulative amount released by 31 March 2024?
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What is the liquid milk processing capacity established by the sanctioned projects mentioned?
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What total amount has been released to NDDB during FY 2023-24 as requested by DAHD?
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What is the corpus amount created for the Fisheries and Aquaculture Infrastructure Development Fund?
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How much did NABARD fund for public infrastructure components under the FIDF?
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Until what date has the Cabinet Committee on Economic Affairs approved the extension of the AHIDF?
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What percentage of total RIDF sanctions was allocated to irrigation projects?
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Calculate the total loan outstanding under RIDF as of 31 March 2024.
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What is the cumulative disbursement amount under RIDF as of 31 March 2024?
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Identify the sector with the highest percentage of RIDF sanctions.
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How much irrigation potential is estimated to be created/ restored with RIDF assistance?
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What percentage of RIDF sanctions is attributed to rural connectivity?
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What is the anticipated generation of non-recurring employment due to RIDF assistance?
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What percentage of RIDF's total sanctions were designated for the social sector?
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How does the aggregate sanction amount compare to cumulative disbursements under RIDF?
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When was the data regarding RIDF sanctions last updated?
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What was the total loan amount sanctioned to the Government of Karnataka during FY 2023-24?
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As of March 31, 2024, what is the total amount of loans released under the MIF scheme?
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How much area has been covered by micro irrigation under MIF as of December 31, 2023?
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What was the year-on-year growth percentage in sanctions under all products for FY 2023-24?
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What was the total disbursement amount during FY 2023-24?
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What cumulative loan amount was sanctioned under the MIF scheme by March 31, 2024?
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By what percentage did the loan outstanding under BID products grow year-on-year by the end of FY 2023-24?
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What was the percentage that outstanding loans from new business products formed of NABARD's total loan book as of FY 2023-24?
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How much has the loan outstanding increased in absolute terms from FY 2022-23 to FY 2023-24?
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What amount was announced for augmentation of the MIF corpus in the Union Budget 2021-22?
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Study Notes
Sanctions under Tranche XXIX
- Total sanctions reached ₹50,116 crore, exceeding corpus of ₹40,474.55 crore (124% allocation) as of 31 March 2024.
- Sectoral distribution of sanctions:
- Agriculture Related (including irrigation) received ₹20,750 crore (41%).
- Rural Connectivity received ₹16,742 crore (33%).
- Social Sector received ₹12,624 crore (26%).
- RIDF disbursements reached ₹42,563.92 crore, achieving 123% of the target of ₹34,528 crore.
- Cumulative sanctions totaled ₹5,51,724 crore against a cumulative corpus of ₹4,98,411 crore, including ₹18,500 crore under Bharat Nirman.
- 7.77 lakh projects sanctioned across three main sectors: Agriculture, Rural Connectivity, and Social Sector.
- Cumulative sanctions distribution: Agriculture and Related Sector (43%), Rural Connectivity (36%), Social Sector (21%), with Irrigation at 30% of total sanctions.
- Total disbursed since inception: ₹4,37,441 crore, representing 79.29% of the total sanctioned amount.
- Outstanding loan under RIDF as of 31 March 2024 is ₹1.69 lakh crore.
- Anticipated outcomes include restoration of 422 lakh ha irrigation potential, 5.62 lakh km of rural roads, and 14.08 lakh meters of bridges, alongside generating 3,096.23 crore man-days of employment.
Financial Progress and Development
- In 2023-24, ₹502.34 crore sanctioned to Jharkhand; ₹2,605.14 crore released to several states under LTIF.
- Cumulative loan sanctioned stands at ₹85,790.78 crore; Central Share at ₹46,495.93 crore; State Share at ₹39,294.85 crore.
- Released cumulative amount as of 31 March 2024: ₹61,350.92 crore, Central share at ₹26,500.60 crore, State share at ₹34,850.32 crore.
Micro Irrigation Fund (MIF)
- Initiated with a corpus of ₹5000 crore in 2019-20, aimed at enhancing micro irrigation resources.
- MoA executed with 10 states for mobilizing additional resources towards micro irrigation efforts.
- An expected additional corpus of ₹5000 crore is under government consideration for enhancement until FY 2025-26.
- In 2023-24, ₹290.33 crore loan sanctioned to Karnataka; cumulative loan sanctioned at ₹4,724.74 crore, with ₹3,387.80 crore released by 31 March 2024.
- Expansion of micro irrigation coverage targeted at 19.10 lakh ha, with 13.89 lakh ha covered as of 31 December 2023.
Other Business Initiatives
- Sanctions under business products reached ₹75,451 crore in FY 2023-24, showing a 10% year-on-year growth.
- Disbursements hit an all-time high of ₹73,879 crore, recording 30% growth.
- Outstanding loan under BID products rose to ₹75,022 crore, growing by 10% year-on-year.
- Key projects led to milk processing capacities: liquid milk (7.39 million litres/day) and milk powder processing (265 Metric tonnes/day).
- ₹176.31 crore released to NDDB in FY 2023-24; Cabinet approved merger of DIDF with AHIDF and its extension until March 2026.
Fisheries and Aquaculture Infrastructure Development Fund (FIDF)
- Established with a total corpus of ₹7,522.48 crore for public infrastructure development in fisheries and aquaculture from FY 2018-19 to 2022-23.
- NABARD to fund approximately ₹2,600 crore for facilities such as fishing harbours and fish markets.
- Total disbursements in FY 2023-24 amounted to ₹289.21 crore.
- Scheme extended for three more years until 31 March 2026 as per CCEA meeting on 08 February 2024.
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Description
This quiz explores the financial allocations and sectoral shares of sanctions under Tranche XXIX, providing a breakdown of the total sanctions amounting to ₹50,116 crore. Test your knowledge on the implications of these financial decisions across various sectors, particularly focusing on agriculture and irrigation.
