The Rajghat Dam Project on the Betwa River, a tributary of the Yamuna, is an inter-state project of Madhya Pradesh and Uttar Pradesh. In accordance with an inter-state agreement reached between the states of Uttar Pradesh and Madhya Pradesh in 1973, Betwa River Board (BRB) was constituted under the Betwa River Board Act, 1976. The Union Minister of Water Resources is the Chairman of the Board and the Union Minister of Power, Union Minister of State for Water Resources, Chief Ministers and Ministers in-charge of Finance, Irrigation and Power of Uttar Pradesh & Madhya Pradesh are its Members. The Board Headquarter, consisting of the offices of Chief Engineer, Financial Adviser and Secretary of the Board, is atJhansi and its other subordinate offices are located at Rajghat (project site).
The cost and benefits of the dam and the powerhouse are to be shared equally by the states of Uttar Pradesh and Madhya Pradesh. The expenditure of the project is met out of Betwa River Board Fund constituted by crediting the funds received by the Board as contribution from Uttar Pradesh and Madhya Pradesh. Construction of the dam and powerhouse (civil works) was entrusted to the Betwa River Board while the respective State Governments are executing canal projects in their territories. The dam works have been completed.