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Home: $24.3 million ADB loan to boost investment in Maharashtra Agribusiness Infrastructure

$24.3 million ADB loan to boost investment in Maharashtra Agribusiness Infrastructure

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NetIndian News Network
New Delhi, January 18, 2012
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The Government of India and the Asian Development Bank (ADB) today signed an agreement for the second tranche of $ 24.3 million under the $ 170 million Agribusiness Infrastructure Development Investment Programme which is a multi-tranche financing facility. 

The loan is to continue modernization efforts in Maharashtra’s horticultural industries and will expand agricultural value chains and better integrate small-scale farmers into value chains in Nashik and Aurangabad-Amravati regions. 
 
An official press release said here today that the programme would build physical and institutional links along horticulture integrated value chains (IVCs), which include farmers, processors, agribusiness entrepreneurs, and service providers, a central goal of the Indian government. 

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