The emerging water crisis in India can be preempted by improving watershed management. The data scare regions need open access satellite observations to mitigate watershed problems. The water accounting plus (WA+) and open access earth observation datasets were applied to quantify the beneficial and non-beneficial water consumption in the Betwa River basin, Central India. The PERSIAN and CHIRPS precipitations were evaluated. Based on significant statistical relations with IMD rainfall, CHIRPS was found to be the best precipitation product. The seasonal water yield from PERSIAN depicts that the high water yield in the basin is associated with the July and August months of the monsoon season, with water yields of 240 mm/month and 120 mm/month, respectively, while CHIRPS showed higher water yields during the monsoon season, especially in July and August, with water yield amounts of 290 mm/month and 200 mm/month, respectively. The largest water-consuming land-use class is irrigated crops–cereals, which cover 62.06% of the basin’s total area. The amount of non-beneficial ET is almost twice the beneficial ET. The outcomes of this research will be helpful for sustainable water management, strategy development, and policy making.