WABAG, a leading water technology Indian multinational company and National Bank for Agriculture and Rural Development (NABARD) along with three NGOs have signed the memorandums of understanding (MoUs) on Monday for implementation of watershed development projects under WABAG-CSR Program.
Under these MoUs, WABAG agrees to provide grant assistance to the NGOs amounting to Rs.2.25 crores with matching contribution by NABARD, aggregating to Rs.4.50 crores.
The proposed projects are widely spread out in Virudhunagar, Tuticorin and Dindigul districts in Tamil Nadu and will be implemented by the NGOs – Social Education Economical Development Society (SEEDS); Vidiyel Trust and Centre for Improved Rural Health and Environmental Education (CIRHEP) respectively.
The objectives of the MoUs are – enhancement of livelihood security; water conservation; prevent migration; employment generation; long term sustainability through community participation for maintenance of community assets like various water harvesting structures.
This is a 4-year project that will be implemented at a cost of around Rs.4.50 crores covering around 9,200 acres.
The project beneficiaries would be Sinnur Watershed in Pudur block, Thoothukudi district; Erumaikulam watershed in Narikudi block, Virudhunagar district and Kannivadi watershed in Reddiarchartram block, Dindigul district. Around 2,500 households will be impacted on implementation of these projects.
Last year, WABAG tied-up with NABARD for similar projects with a project cost of around Rs.5 crore including the matching contribution and the work in these two districts already commenced and making good progress.
With this, the total CSR (Corporate Social Responsibility) investment of WABAG for NABARD watershed development projects aggregates to around Rs.4.75 crores.
S Nagoor Ali Jinnah, Chief General Manager represented NABARD while WABAG was represented by S Varadarajan, Director and Chief Growth Officer at the MoU signing ceremony.
Coupled with WABAG’s earlier tie-up with NABARD, the intervention in the water stewardship covers 5 districts in Tamil Nadu and brings 20,000 acres land under watershed, benefiting over 7,000 households at a total cost of around Rs 9.50 crore.
This CSR initiative would go a long way in supporting the “Per drop more crop” mission.