Govt of India and World Bank signed USD 210 million loan agreement

The Government of India, the Government of Maharashtra and the World Bank signed a loan agreement of USD 210 million to support small holder farmers participate in competitive agriculture value chains, facilitate agri-business investments, increase market access and productivity in focus commodities, and build resilience of crops to recurrent floods or droughts in the Indian state of Maharashtra.

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The focus of the project on enhancing the capacity of the state to effectively manage and deliver agricultural technical support and services, increasing credit linkages to formal financing institutions, improving Sanitary and Phytosanitary (SPS) standards and investing in business development services will help small holder farmers become more competitive and increase their links to organized domestic and export markets.