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Home: IFAD to provide $ 89.9 m loan to India for poverty reduction in Uttarakhand

IFAD to provide $ 89.9 m loan to India for poverty reduction in Uttarakhand

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NetIndian News Network
New Delhi, February 2, 2012
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The International Fund for Agricultural Development (IFAD), a specialised United Nations agency based in Rome, will provide a $89.9 million loan to India to improve agricultural livelihoods in Uttarakhand.

The agreement in this regard was signed by Venu Rajamony, Joint Secretary, Department of Economic Affairs, Ministry of Finance and Nigel Brett, IFAD Country Programme Manager for India, here yesterday for the Integrated Livelihoods Support Project.
 
An IFAD press release said that although many households in Uttarakhand had land, the land holdings were very small and the tiny terraced plots on steep hillsides made mechanization extremely difficult. 

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