ADB and GOI Signed Loan Agreement to Finance Horticulture in HP

Current Context: The Asian Development Bank (ADB) and the Government of India has entered into a loan agreement to support the horticulture in Himachal Pradesh.

They have signed a $10 million project readiness financing (PRF) agreement for same.
The funds will help to manage the horticulture activities from designing, capacity building in order to increase horticulture production and farm household income in Himachal Pradesh.
The funds under the PRF facility will support to undertake advanced solutions which will create an environment for subtropical horticulture development in the state.
The fund amount will also be used to perform prior testing of new production technologies and marketing systems in order to have a cost-effective implementation of technology in a timely manner for horticulture development in HP.
Static Part:

CM of HP: Jairam Thakur
Governor of HP: Bandaru Dattatraya
HQ of ADB: Mandaluyong, Metro Manila, Philippines