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

NHAI Sets Four Guinness World Records on Bengaluru-Kadapa-Vijayawada Corridor

India's highway construction sector has achieved a global milestone with record-breaking infrastructure execution. The National…

4 mins ago

Top Government Schemes for Youth in 2026: Jobs, Skills, Startups & Fitness Programs

India’s youth are at the center of the country’s development journey, and the Government of…

18 mins ago

National Youth Day 2026: History, Significance & How India Celebrates January 12

National Youth Day is celebrated every year on January 12 across India to commemorate the…

34 mins ago

Weekly One Liners 05th to 11th of January 2026

Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in competitive examinations…

22 hours ago

MeitY Launches PARAM SHAKTI Supercomputing Facility at IIT Madras

The Ministry of Electronics and Information Technology (MeitY) has launched ‘PARAM SHAKTI’, a powerful new…

2 days ago

Akasa Air Enters IATA, Becomes India’s Fifth Member of Global Airline Body

Akasa Air, India’s youngest airline founded in 2020, has become a member of the International…

2 days ago