Cabinet nod for Rs 15,000cr loan for 52 irrigation works

The Maharashtra Cabinet approved a proposal on Wednesday to borrow a long-term loan of Rs 15,000 crore to complete 52 ongoing irrigation projects.
The decision will facilitate completion of ongoing works within three years, which will create 28.70 lakh hectares of additional irrigation capacity. The state government has not yet decided the agency from which they will borrow the amount.
At present, there are 313 under-construction irrigation projects and around Rs 83,300 crore have been spent on them so far. The remainder work on these projects requires an additional Rs 93,570 crore.

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