New Student User - HELLO

Join Here

A loan of USD 130 million was approved by ADB for HP's Horticultural Sector

Published on February 12, 2023
Current context: The Asian Development Bank has granted a loan worth over 1,072 crore Rupees (USD 130 million) to the Indian state of Himachal Pradesh.
A loan of USD 130 million was approved by ADB for HP's Horticultural Sector
  • The loan will be used for the "Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Addition Project," aimed at boosting agricultural production, promoting horticulture businesses, and increasing farmers' income.
  • The project aims to assist at least 15,000 agricultural households in seven districts of Himachal Pradesh in improving their income and adapting to the effects of climate change.
  • The project will restore and build new irrigation facilities, create new water sources, and enhance the capacity of the Water Resources Department.
  • The farmers will be organized into Community Horticulture Production and Marketing Associations and will be taught modern agronomic techniques, such as intercropping and beekeeping.
  • A Farmer Producer Company will be established at the state level to oversee agribusiness development, create business plans, promote agribusiness, and design value-added facilities such as sorting and packaging facilities, and storage and collection facilities.

Question:

Q.1 A loan of USD 130 million was approved by ADB for which states Horticultural Sector?
a. UP
b. Himachal Pradesh
c. Karnataka
d. Assam
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu