World Bank Approves USD 210 Million Loan for Maharashtra Agribusiness and Rural Transformation Project
- The Government of India along with the Government of Maharashtra has signed a loan agreement of USD 210 million with World Bank on 24 January 2020 under Maharashtra Agribusiness and Rural Transformation Project.
- The project aims to support small holder farmers participate in competitive agriculture value chains, facilitate agri-business investments, increase market access and productivity in focus commodities, and build resilience of crops to recurrent floods or droughts in the Indian state of Maharashtra.
- The USD 210 million loan from the International Bank for Reconstruction and Development (IBRD) has a 6-year grace period and a maturity period of 13.5 years.