INNOVATIONS IN IRRIGATION FINANCING: TAPPING DOMESTIC FINANCIAL MARKETS IN INDIA

Financing for water projects, especially for irrigation, has been moving towards collapse in recent years due to declining donor and government funding. Some Indian states have undertaken innovative institutional reforms by setting up financially autonomous corporations to mobilise required funds from the domestic bond market. This analysis of the performance of one such corporation, Karnataka's Krishna Bhagya Jal Nigam Limited, indicates that although adequate funds were mobilised, and physical works are on schedule, the new institution did not attempt to enhance overall irrigation performance and to move towards financial sustainability of the irrigation project. This paper describes the background of this institution, its achievements, inadequacies and potential of the innovative efforts made in irrigation financing reforms.


Issue Date:
2003
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/16222
Total Pages:
41
Series Statement:
MSSD Discussion Paper
58




 Record created 2017-04-01, last modified 2017-04-04

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