DRIP Phase I is regarded as a success story by the World Bank and Ministry of Jal Shakti. Phase I is now complete with nearly all intended objectives on 31st March 2021. The cost of the completion of the scheme is Rs 2567 (In Cr.)
EFC for DRIP Phase II and Phase II was approved on 26th May 2020 and Union Cabinet approved on 29th October 2020.The new scheme has two phases i.e. Phase-II and Phase-III, each of 6 years duration with 2 years overlapping, each Phase comprises of 2 trenches, proposed date of effectiveness is August-2020.
Loan Signing ceremony with World Bank for loan amounting US $ 250 Million was held on August 04, 2021. Loan Agreement was signed by DEA and World Bank and Project Agreement was signed by 10 partner States (Gujarat, Manipur, Meghalaya, Chhattisgarh, Madhya Pradesh, Rajasthan, Odisha, Kerala, Maharashtra and Tamil Nadu) with World Bank.
IISc Bangalore and IIT Roorkee have started a Post Graduate Degree Programme in Dam Safety Engineering and Dam Safety Rehabilitation respectively from academic session 2021. IIT Madras is also likely to start a similar programme from next year onwards.
Central Project Management Unit(CPMU) received the CBIP Award 2020 for excellence in implementation Of DRIP scheme which was held at convention centre,Lodhi Road,New Delhi on 19th February 2020.