The finance ministry and the World Bank announced on Monday the signing of a loan agreement worth $200 million for the Assam Agribusiness and Rural Transformation Project.
“Project will support Assam Govt. to facilitate agri-business investments, increase agriculture productivity and market access among others,” the finance ministry said in a tweet.
It said the project will enable small farm holders to produce crops that are resilient to recurrent floods or droughts in the state.
{{/usCountry}}It said the project will enable small farm holders to produce crops that are resilient to recurrent floods or droughts in the state.
{{/usCountry}}“The $200 million loan from International Bank for Reconstruction and Development (IBRD), has a seven year grace period, and a maturity of 16.5 yrs,” added another tweet.
The World Bank will release it’s Doing Business report on October 31.