Categories: Agreements

ADB, India sign $130 million loan to promote horticulture in Himachal Pradesh

The Government of India and the Asian Development Bank (ADB) have signed a $130 million loan agreement to support initiatives aimed at increasing agricultural productivity, improving irrigation access, and promoting horticulture agribusinesses in Himachal Pradesh. The project aims to enhance farmers’ income and resilience to climate change in seven districts of the state.

Improving Farmers’ Livelihoods:

The project interventions seek to benefit approximately 15,000 farm households across the districts of Bilaspur, Hamirpur, Kangra, Mandi, Sirmour, Solan, and Una. Many of these households have either stopped farming or reduced their farming areas due to a lack of irrigation facilities and crop damage caused by wild and stray animals.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Enhancing Irrigation Infrastructure:

One of the key focuses of the project is to improve on-farm irrigation and water management in around 6,000 hectares of farmland. This will be achieved through the rehabilitation or construction of new irrigation schemes. The project will also strengthen the capacity of Water Users’ Associations (WUAs) for micro-irrigation management. The initiative will be a joint effort between the state’s Jal Shakti Vibhag (Water Resources Department) and the Department of Horticulture (DOH).

Promoting Horticulture Agribusinesses:

In addition to irrigation improvements, the project aims to create an ecosystem that enhances farmers’ access to subtropical horticulture markets. The farmers will be organized into cluster-wide Community Horticulture Production and Marketing Associations (CHPMAs) and district-wide CHPMA cooperative societies. This approach will facilitate collective marketing and value addition activities, benefiting farmers by providing better market linkages and improved bargaining power.

Increasing Resilience to Climate Change:

The project recognizes the challenges posed by climate change and seeks to enhance farmers’ resilience. By improving irrigation facilities and promoting climate-resilient agricultural practices, the project aims to minimize the adverse impacts of climate change on agriculture. This will enable farmers to continue farming and increase their incomes sustainably.

Also Read: NTPC and NPCIL sign agreement for joint development of nuclear power plants

Find More News Related to Agreements

 

Piyush Shukla

Recent Posts

IPL 2026 Points Table Today (Live Updates)

The IPL 2026 points table shows the latest team rankings, wins, losses, and net run…

1 second ago

Kalinga Stadium Hosts National Para Athletics Championship 2026

The National Para Athletics Championship 2026 is set to take place at the Kalinga Stadium…

8 mins ago

RBI Injects ₹48,014 Crore into Banking System By VRR Auction

The Reserve Bank of India (RBI) has injected the amount of the ₹48,014 crore into…

22 mins ago

Punjab Passes Sri Guru Tegh Bahadur World-Class University Bill 2026

The state of Punjab Vidhan Sabha has unanimously passed the Sri Guru Tegh Bahadur World-Class…

42 mins ago

USS Gerald R Ford vs INS Vikrant: Comparison Key Differences Power Cost and Features

Aircraft carriers are among the most powerful assets in modern naval warfare. They act as…

52 mins ago

Which Country is the Sugar Consumer in the World?

Did you know that sugar is one of the most commonly used food items in…

1 hour ago