Bhubaneswar: India gets first project from Green Climate Fund of South Korea project will be implemented in #Odisha. The project will focus on construction of a groundwater recharge system for water conservation.
The Odisha government on Friday signed a memorandum of understanding (MoU) with National Bank for Agriculture and Rural Development (NABARD) for implementation of country’s first project Green Climate Fund, based in South Korea for massive groundwater recharge.
The agreement was signed between the Water Resources Department and NABARD at State Secretariat here today in presence of Chief Minister Naveen Patnaik.
“The project envisages a massive groundwater recharge at a cost of about Rs 1,100 crore. The Green Climate Fund is giving an assistance of about Rs 240 crore while the state government will arrange the remaining fund through convergence funding,” Patnaik said.
Water Resources Department Government of Odisha and NABARD will collaborate for the successful implementation of the project. The project envisages a massive ground water recharge in 10,000 tanks, provide recharge shafts to 1,65,000 acre feet of water to the aquifers and plans to develop 1000 deep bore wells with solar pumping based micro irrigation. It will also build the capacity of our farmers.