Govt, ADB sign 100 million US dollar loan to promote agribusiness network

New Delhi: Government of India and Asian Development Bank, ADB signed a 100 million US dollar loan Yesterday to promote agribusiness network to boost farm incomes and reduce food losses in the State of Maharashtra. The agreement for the Maharashtra Agribusiness Network  Project was signed by  Additional Secretary in the Ministry of Finance Rajat Kumar Mishra and Country Director of ADB’s India Resident Mission Takeo Konishi. 

 

Mr Mishra stated that the project



supports agribusiness development in Maharashtra with holistic support to on-farm improvement in productivity, up-gradation of post-harvest facilities, and establishing efficient marketing structures. The project will help small and marginal farmers in  the State improve their post-harvest and marketing capacity, reduce food losses, and increase incomes through access to finance, capacity building, and horticulture value chain infrastructure development.