World Bank Approves USD 325 million loan to boost agriculture in Uttar Pradesh

Current Context: The World Bank approved a USD 325 million loan on December 12, 2024, to boost agriculture in Uttar Pradesh through the UP-AGREES Project. 

• The project aims to achieve the following goals:
• Enhance Crop Productivity: Improving farming practices and adopting modern agricultural technologies to increase crop yields.
• Climate-Resilient Practices: Introducing techniques that help farmers adapt to climate change, ensuring sustainable farming in the long term.
• Strengthen Market Linkages: Connecting farmers with markets more effectively, ensuring they get better prices for their produce and improving their overall economic stability.
• This initiative is expected to benefit one million farmers, contributing to the overall development and sustainability of agriculture in Uttar Pradesh.

Question:

1 What is the primary objective of the UP-AGREES Project funded by the World Bank?

• A) Promote urban development in Uttar Pradesh
• B) Boost agriculture in Uttar Pradesh
• C) Develop road infrastructure in rural areas
• D) Enhance industrialization in Uttar Pradesh

Answer: B) The UP-AGREES Project focuses on improving agriculture through better farming practices, climate-resilient techniques, and market linkages.