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India -World Bank loan agreement - Tamil Nadu irrigation scheme
December 27 , 2017
2555 days
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- A tripartite agreement was signed between the central government, the World Bank and the Tamil Nadu government for the Tamil Nadu Irrigated Agriculture Modernization Project.
- The $318 million loan from World Bank’s lending arm International Bank for Reconstruction and Development (IBRD) has maturity of 19 years with 5-year grace period.
- It aims to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.
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