ADB, India sign $100 million loan

  • IASbaba
  • October 29, 2021
  • 0
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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

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