The Government of India and the Asian Development Bank (ADB) signed a $130 million loan to increase agricultural productivity, improve access to irrigation and promote horticulture agribusinesses to raise farmers’ income in the state of Himachal Pradesh.

Banking & Finance

The Government of India and the Asian Development Bank (ADB) signed a $130 million loan to increase agricultural productivity, improve access to irrigation and promote horticulture agribusinesses to raise farmers’ income in the state of Himachal Pradesh. The project builds upon a pilot financed by ADB’s project readiness facility which demonstrated the subtropical horticulture production over 200 hectares and prepared the draft water user association (WUA) act. The project will also help create an ecosystem to enhance farmers’ access to markets of subtropical horticulture. The farmers will be organised into cluster-wide community horticulture production and marketing associations (CHPMAs) and district-wide CHPMA cooperative societies.


     

      The farmers will be organised into cluster-wide community horticulture production and marketing associations (CHPMAs) and district-wide CHPMA cooperative societies.

     

 

     


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