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ADB and GOI Signed Loan Agreement to Finance Horticulture in HP

Published on January 03, 2021
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.
ADB and GOI Signed Loan Agreement to Finance Horticulture in HP
  • 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


Q.1 ADB and GOI signed $10 million loan agreement to support horticulture in which state?
a. Haryana
b. Nagaland
c. Manipur
d. Himachal Pradesh

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