GoI & Maharashtra signs USD 210 million loan agreement with World Bank

The Government of India and the Government of Maharashtra has signed a USD 210 million loan agreement with the World Bank. The loan agreement has been signed for Maharashtra Agribusiness and Rural Transformation Project. The USD 210 million loan will be funded by the International Bank for Reconstruction and Development (IBRD), having a 6-year grace period with a maturity period of 13.5 years.

Objective of the Maharashtra Agribusiness and Rural Transformation Project:

The Maharashtra Agribusiness and Rural Transformation Project aims to revamp the capacity of the state in effective management and delivery of agricultural technical support and services, boosting credit linkages to formal financing institutions, enhancing Sanitary and Phytosanitary (SPS) standards and investment in business development services that will help small holder farmers in becoming more competitive and will increase their access to organized domestic and export markets. It will also increase the capacity of the nodal departments and institutions and will also increase the private sector investments in agricultural value chains.

Impact of the Maharashtra Agribusiness and Rural Transformation Project:

The Maharashtra Agribusiness and Rural Transformation Project will support the participation of small holder farmers in competitive agriculture value chains, increase in market accessibility and productivity in focus commodities, accelerate agri-business investments in the Indian state of Maharashtra. It will improve the condition of farmers in all 36 districts of Maharashtra by specifically focussing on the women-led enterprises and women’s participation in the decision-making processes of farmer producer organizations.

Important takeaways for all competitive exams:

  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.
  • President of World Bank: David R. Malpass; Headquarter: Washington DC.

Find More News Related to Agreements

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Change Password



Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?