TN project wins national award
Tamil Nadu Irrigated Agriculture Modernization
(TNIAM) project was awarded the Union govt's "
Best Integrated Water Resources Management 2024
" by the Central Board of Irrigation and Power.
Tired of too many ads? go ad free now
This recognition was for its success in enhancing agricultural, livestock, and fisheries production through an integrated approach across 34 districts, benefiting 13.42lakh acres and increasing the income of more than 15 lakh farmers.
"The award recognises the project's effectiveness in addressing challenges related to water resources and boosting agro-based production," said an official release. On Friday, chief minister M K Stalin extended wishes to officials of TNIAM, as well as water resources, agriculture, animal husbandry, and fisheries departments.
The scheme facilitated significant improvement in water resource management, including the rehabilitation of 2,626 tanks, construction of 353 check dams, improvement of 5,026 km of irrigation channels, and construction of 78 artificial recharge wells, said an official statement.
Furthermore, the project supported the construction of 1,854 agricultural ponds with capacity to store 20.39 lakh cubic metres of water.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
2 hours ago
- The Hindu
West Bengal demands to see bank statements of aided colleges; institutions see move as blow to autonomy
West Bengal has asked all State Government-aided colleges — about 450 of them — to provide their bank account and fixed deposit details, a move that has not gone down well with those institutions which fear that their money will now be taken away. 'The Finance Department has introduced Fund Information System (FIS) portal from financial year 2025-26 and it is mandatory to provide bank account details and FD details to get any financial assistance from the State Government,' said a communication from the Department of Higher Education circulated earlier this week. The colleges are not uncomfortable with the tone of the letter, that sharing account details was necessary in order to receive financial assistance from the State Government, something that they feel is an attack on their autonomy. 'The State Government is reducing the funds for education in all sectors. Recruitment of teachers has been halted. Research funds are crunched. Universities are autonomous bodies that have raised resources for a long time through their research, advocacy and industry-institute partnership programmes. This move is just to siphon off these resources to the government for no reason. This is an attack on financial and academic autonomy of state educational institutions. This will further deprive the students, who are already suffering from delayed admission and lack of funds,' said Ishita Mukhopadhyay, a well-known professor of economics at the University of Calcutta, adding that several teachers' associations had already expressed their anger against the move. An Associate Orofessor with a Kolkata college who did not want to be identified said: 'The State Government is already taking half of the total tuition fees collected in a year. This notification makes us believe that the corpus fund of colleges in form of fixed deposits and bank balances can be taken away by. The colleges need such funds for various development projects like construction of new buildings, renovation and repair, extensions of existing buildings, conduct of events, particularly when the UGC hardly extends any financial help like it did before till the 12th Plan.'
Time of India
2 hours ago
- Time of India
New-Age lending model helping banks to cut costs and meet customer expectations
Across global financial markets, lending is experiencing a major shift. Borrowers now expect immediacy, personalization, and simplicity in every interaction—whether applying for a personal loan on their mobile device or financing a home, vehicle, or business. However, many banks and financial institutions are hindered by systems designed for a slower, less connected world. A World Bank report estimates that micro, small, and medium enterprises face an annual credit gap of USD 5.2 trillion—about 1.5 times the current lending volume for these businesses. With conversations from banks and lenders, it's clear: Legacy Loan Origination Systems are no longer adequate. They were built to standardize, not to innovate. They offer control—but make it hard to adopt changes. Today, with tech-savvy customers and constantly changing rules, this lack of flexibility has become a drawback. According to a market research, digital lending platforms in India are projected to reach over 500 million customers by the end of 2025, with the lending segment expected to hit USD 1.3 trillion in disbursements, driven by advancements in financial technology and increased smartphone penetration. Hence, what is needed is not just digital enhancement, but a fundamental reinvention of how lending is delivered, scaled, and evolved. This is where the model of Lending-as-a-Service is proving to be a game-changer. Lending-as-a-Service redefines lending not as a static software platform, but as a flexible, cloud-powered ecosystem. It enables lenders to break down the lending process into modular services that can be rapidly configured, deployed, and scaled across various product lines—from personal and auto loans to corporate, housing, and consumer durable finance. By adopting this model, financial institutions are no longer bound by one-size-fits-all workflows or long development cycles. They gain the agility to experiment, personalize, and adapt without overhauling their core architecture. But technology alone is not the differentiator—it's the outcomes that matter. Institutions supported with platforms with Lending-as-a-Service architecture have consistently accelerated their go-to-market timelines, dramatically improved customer satisfaction, and reduced operational costs. We've seen banks launch new retail lending products in a matter of days. We've seen journeys that once required manual underwriting transformed into straight-through processes powered by AI. In several deployments, the cost per loan has reduced by over half, while conversion rates have increased multifold. For instance, a leading financial services provider in India leveraged our platform to launch a digitally native loan journey for Indian customers, covering onboarding, KYC, credit scoring, and disbursal—all within a few days. Another bank in Southeast Asia reimagined its auto finance journey by integrating real-time approvals, e-KYC, and government API linkages into a seamless customer flow. These institutions weren't just digitizing—they were building lending businesses designed for today's customers and tomorrow's challenges. This transformation is also enabling compliance readiness at scale. In regulated markets such as the UAE, India, and Southeast Asia, stakeholders are able to quickly embed policy changes, update product terms, or roll out pre-approved offers—without recoding, retraining, or retesting legacy systems. Thus, the future of lending will belong to those who are agile, responsive, and deeply aligned with the needs of their borrowers. Lending-as-a-Service offers a pathway to that future—a model that is not only more adaptive but also more resilient in the face of change. At the core of this shift is a new generation of lending platforms — modern, unified lending infrastructure built for speed, scalability, and intelligence. To illustrate, our platform, built on a microservices-based, cloud-native foundation, enables institutions to launch and iterate with confidence. With the ability to integrate more than 175 APIs, our ecosystem supports real-time connectivity with internal banking systems, fintech partners, government APIs, credit bureaus, fraud detection engines, and compliance tools. Additionally, this allows banks and financial institutions to no longer be constrained by what their systems can support—they are empowered to lead with what their customers demand. The transformation is not incremental. It is structural. And it is happening now. It's time to reimagine lending and reinvent success. By Ravish Pandey, Head of Product Innovation, and Sachin Gupta, Head of Client Accounts and Engagement at BUSINESSNEXT AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
4 hours ago
- Time of India
Ludhiana East MLA Daljit Singh Grewal, mayor Inderjit Kaur lay stones for overhead water reservoirs and pipeline
Ludhiana: Moving forward with the World Bank-funded canal-based water supply project, Ludhiana East MLA Daljit Singh Grewal and mayor Inderjit Kaur on Saturday laid the foundation stone of projects worth around Rs 9 crore for setting up two overhead water reservoirs and laying the associated pipeline in Ward Number 13. These overhead water reservoirs are being established in Ward Number 13's Baba Banda Singh Bahadur Colony. While the overhead water reservoirs would be constructed at a cost of around Rs 8 crore, the associated water supply pipeline would be laid at a cost of around Rs 1 crore. MLA Grewal and mayor Inderjit Kaur said that these two overhead reservoirs would have a capacity of 35 lakh litres. The mayor said a world-class water treatment plant (WTP) is also being established at Bilga village near Sahnewal from where treated surface water would be supplied to the city. The first phase of the canal-based water supply project is being taken up at a cost of around Rs 1,300 crore (civil works). The overhead reservoirs are also being constructed in other areas of the city. They also appealed to the public to stop the wastage of water and support the authorities in keeping the city clean and green. MSID:: 122923964 413 |
