ADB, India sign $100 million loan
In News: The Asian Development Bank (ADB) and the Government of India signed a $100 million loan to promote agribusiness network to boost farm incomes and reduce food losses in the State of Maharashtra – Maharashtra Agribusiness Network (MAGNET) Project
- Holistic support to on-farm improvement in productivity,
- Up-gradation of post-harvest facilities
- Establishing efficient marketing structures to benefit horticulture producers
- Maharashtra produces 11% and 6% of India’s fruit and vegetable production, respectively, and accounts for about 8% of the country’s floriculture exports, most smallholder farmers lack capital to scale up and do not have direct access to emerging high-value markets.
News Source: PIB