The plan would be tabled before the state cabinet for approval and forwarded to the Governor for his sanction, water resources minister Sunil Tatkare said, replying to a debate in the Upper House.
Efforts would be made to complete irrigation projects in the Godavari valley in three years, the minister said.
A time bound programme would be undertaken to make available 25 TMC water in Marathwada in five years, he said.
Marathwada region, which has 822 water projects,including 11 major, 75 medium and 717 small projects in eight districts, has just around eight per cent of water remaining in the projects.
The percentage of water available in the bodies across the region is fast depleting and the 11 projects that had more than 9 per cent water last week has dipped by one per cent in a week.