The Asian Development Bank (ADB) and the Government of India signed a $91 million loan for Karnataka.

It was signed to modernize the Vijayanagara Channel irrigation systems and prepare river basin management plans in the Krishna river basin that will help improve irrigation water use efficiency and contribute to improving sustainable water security in Karnataka.

The signatories to the second project loan for the Karnataka Integrated and Sustainable Water Resources Management Investment Program (IWRM) were Mr. Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance who signed for the Government of India and Mr. Kenichi Yokoyama, Country Director of ADB’s India Resident Mission, who signed for ADB.

The investment program will help the Government of Karnataka in strengthening its institutions involved in integrated water resource management and modernizing the irrigation system infrastructure for improving water use efficiency in the State.