TNPSC Thervupettagam

GOI and WB Loan Agreement for Assam

November 1 , 2017 2711 days 1356 0
  • The Government of India and World Bank have signed $ 200 million Loan Agreement for Assam Agribusiness and Rural Transformation Project.
  • The project will be implemented in over 16 Districts of Assam and specific focus will be given to women-led enterprises and their participation in decision-making process of farmer producer organizations.
  • The project will support the Government of Assam to facilitate agri-business investments
  • It will increase agriculture productivity and market access
  • And it will enable small farm holders produce crops that are resilient to recurrent floods or droughts in the state.
  • It will fulfil the state’s vision of an agriculture-based rural transformation.
IBRD  (International Bank for Reconstruction and Development
  • The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.
  • The IBRD is the first of five member institutions that compose the World Bank Group.
  • It was established in 1944 with the mission of financing the reconstruction of European nations devastated by World War II.

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