World Bank approves $109 million funding for Rajasthan Agricultural Competitiveness Project

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World Bank approves $109 million funding for Rajasthan Agricultural Competitiveness Project

Greentech Lead India: The World Bank has approved a $109
million funding for the Rajasthan Agricultural Competitiveness Project in India
to improve agricultural productivity via sustainable and efficient use of water
resources.

The project is expected to increase agricultural
productivity and farmer incomes through efficient water management, crop
management, improved agricultural technology, farmer organizations and market
innovations in some 20 selected areas in Rajasthan.

The initiative will benefit some 155,000 smallholder
farmers.

“The agricultural sector needs an end-to-end approach
ranging from water management to better agricultural practices and
marketing,” said Roberto Zagha, World Bank country director for India.

The project will be financed by a credit from the
International Development Association (IDA), the World Bank’s concessionary
lending arm.

editor@greentechlead.com