IMPROVING PUBLIC INVESTMENT OUTLAYS IN IRRIGATION SECTOR IN TAMIL NADU: A CASE FOR OPTIMIZATION IN THE CONTEXT OF FISCAL RESPONSIBILITY MANAGEMENT LAWS

S. NAGOOR ALI JINNAH¹, M. CHINNADURAI²*
¹Department of Agricultural Economics, Centre for Agricultural and Rural Development Studies (CARDS), Tamil Nadu Agricultural University, Coimbatore, 641003, India
²Department of Agricultural Economics, Centre for Agricultural and Rural Development Studies (CARDS), Tamil Nadu Agricultural University, Coimbatore, 641003, India
* Corresponding Author : mcdurai@hotmail.com

Received : 02-01-2021     Accepted : 26-01-2021     Published : 30-01-2021
Volume : 13     Issue : 1       Pages : 10593 - 10595
Int J Agr Sci 13.1 (2021):10593-10595

Keywords : Public investment, Fiscal Management, NABARD
Academic Editor : Dr N. Periasami, Dr Abhijit K Barate
Conflict of Interest : None declared
Acknowledgements/Funding : Authors are thankful to Department of Agricultural Economics, Centre for Agricultural and Rural Development Studies (CARDS), Tamil Nadu Agricultural University, Coimbatore, 641003, India
Author Contribution : All authors equally contributed

The Public investment in irrigation infrastructure is essential in the context of national goal of doubling farm incomes by 2023. The prudential constraints imposed by Fiscal Management laws and competing demands from various sectors have dampened irrigation sector investment outlays in Tamil Nadu. The study, using linear programming technique, has suggested a model for optimization of on budget and off budget borrowings by Government of Tamil Nadu from financial institutions like National Bank for Agriculture and Rural Development and state development loans to meet the desired investment level in irrigation sector within the policy constraints. The indicative model could be fortified further into a full-fledged decision support system to aid policy makers

1. Dhawan B.D., Dalta H.S. (1992) Economic and Political weekly, 28, 15-18.
2. Gulati A. & Bathla S. (2001) Economic and Political Weekly, 36, 20-24.
3. Karunakaran K.R. & Palanisamy K. (1998) Economic Review, 33, 199-210.
4. National Bank for Agricultural and Rural Development, Annual Reports.1995-96 to 2019-20.
5. Adebayo O., Bolarin O., Oyewale A., Kehinde O. (2018) Agriculture and Food, 3, 154-171.