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Maharashtra: India, ADB sign 100 million US dollar loan for agribusiness develop

Government of India and Asian Development Bank, ADB today signed a 100 million US dollar loan to promote an 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 an Additional Secretary in the Ministry of Finance Rajat Kumar Mishra and the Country Director of ADB’s India Resident Mission  Takeo Konishi.

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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.

The project will upgrade 16 existing post-harvest facilities and construct 3 new ones to provide individual farmers and Farmer Producer Organisations,  FPOs with clean, accessible, and sustainable crop storage and processing facilities.

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