The Cabinet Committee on Economic Affairs approved the proposal for scheme of Dam Rehabilitation and Improvement Project (DRIP) with the World Bank assistance.

The total cost of the scheme 21,00 crore rupees of which 1680 crore rupees will be funded by World Bank while over 393 crore will be funded by the Dam Rehabilitation and Improvement Project (DRIP) states.

The scheme will help provide rehabilitation of 223 Dams in the States of Kerala, Madhya Pradesh, Orissa and Tamil Nadu along with strengthening of the Dam Safety Organizations at national level in Central Water omission.

The project will improve the safety and operational performance of selected existing dams with reduced risk of failure.