The primary objectives of PMKSY are to attract investments in irrigation system at field level, develop and expand cultivable land in the country, minimize wastage of water, enhance crop per drop by implementing watersaving technologies and precision irrigation.

• The goal is to open the doors for optimal water budgeting in all sectors. 
• Tagline for PMKSY is “more crop per drop”. 
• PMKSY has been conceived amalgamating ongoing schemes:

1. Accelerated Irrigation Benefit Programme (AIBP) 
2. Integrated Watershed Management Programme (IWMP) 
3. On Farm Water Management (OFWM)

• States to draw up their own irrigation development plans based on District Irrigation Plan (DIP) and State Irrigation Plan (SIP). 
• PMKSY funds would be given to states as 75 per cent grant by the central government and the remaining 25 per cent share is to be borne by the state government. But, for the north-eastern region and hilly states, the funding pattern would be 90:10.