Government on Thursday approved a $250 million (nearly Rs 1,125 crore) National Agricultural Innovation Project (NAIP) for fine tuning agricultural research in the country.
The six year project, involving a 200 million dollar credit from the World Bank, would be implemented from July 1 this year, Information and Broadcasting Minister PR Dasmunsi told reporters after a Cabinet meeting.
The project would have four components including one in which the Indian Council of Agricultural Research would be the catalysing agent for the management of change of the Indian National Agricultural System, the minister said.
The other components would be research in production and consumption systems, research on sustainable rural livelihood security and basic and strategic research in the frontier areas of agricultural sciences.
The decision would result in about 15 value chain development reports for serving as models for other potential areas and investment planning.
It also aimed to produce about 20 sustainable rural livelihood models for replication in other disadvantaged areas and generation of about 25 patents of scientific and economic significance, Dasmunsi said.
About 100 research papers are also aimed to be published in high quality and impact research journals as part of the project.