Common Contracts
1 similar Financing Agreement contracts
FRAMEWORK FINANCING AGREEMENTFinancing Agreement • August 27th, 2008
Despite India’s rapid economic growth, development in agriculture and related rural non-farm sectors has been slow, and the sector is making a slow transformation to more intensive and high-value production and processing systems. Bottlenecks in both rural and urban water resources are also increasingly seen as a major constraint to economic growth. In this context, irrigation is drawing major attention because of its high share (84%) of total water use, as well as its crucial importance for agriculture and rural growth. A significant part of the existing irrigation infrastructure remains underutilized with low water use efficiency and insufficient operation and maintenance (O&M). The Government of India is promoting state-level sector reforms through its National Water Policy (NWP) 1987 and 2002, which advocates participatory irrigation management (PIM) and integrated water resources management (IWRM) to promote and sustain more efficient water use.
