November 9

World Bank’s $172 million loan to make farming viable in Andhra Pradesh, India

World Bank has signed an agreement with the government of India and government of Andhra Pradesh to extend a loan of $172.2 million (Rs 1,257 crore) to help turn farming in Andhra a financially viable activity.

The program, the Andhra Pradesh Integrated Irrigation and Agriculture Transformation Project (APIIATP) will benefit 200,000 families of poor and marginalised farmers, agro-entrepreneurs, women and other vulnerable groups.

Photo courtesy of Market Development Facility.

Source: Economic Times (link opens in a new window)

agribusiness, agriculture, farmers, global development, smallholder farmers, World Bank