The Central and Andhra Pradesh governments and the World Bank have signed the loan agreement for a $172.20 million project to enhance agricultural productivity, profitability, and climate resilience of poor and marginalized farmers in Andhra Pradesh.
The projects seek to ensure that farming continues to remain a financially viable activity. The Andhra Pradesh Integrated Irrigation and Agriculture Transformation Project (APIIATP) will be implemented in rural areas largely dependent upon rain-fed agriculture.
Source- The Hindu Business Line
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- Andhra Pradesh CM: N Chandrababu Naidu, Governor: ESL Narasimhan.
- World Bank President: Jim Yong Kim, Headquarters: Washington, D.C., United States