*Corresponding author: sowjanya.nsui@gmail.com
The study has presented the costs and benefits of tank restoration and financial feasibility of investment in tank restoration and benefits accrued to farmers after restoration under Mission Kakatiya in the selected two tank systems each in Nalgonda and Warangal districts of Telangana state. The total investment spent to undertake restoration works which includes de silting, repairing of sluice and weir, strengthening of bunds, etc. The cropping intensity was relatively higher (186.05 %) in case of sample farms with tank as compared to without tank (125.22 %). The benefits of silt application in the field have positive impact on crop yields. The investment analysis has revealed a positive NPW, B:C ratio greater than unity and IRR was more than the opportunity cost of capital in both the restored tanks indicated economic feasibility of tank restoration.