Saturday, February 21, 2026
News

India signs USD 98 mn loan agreement with Asian Development Bank to boost horticulture productivity

SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | November 30, 2024 10:12:00 AM IST
India and the Asian Development Bank (ADB) have signed a USD 98 million loan agreement to enhance horticulture crop productivity in the country.

The Ministry of Finance on Friday stated that the funding will support the establishment of disease-free planting material systems, boosting crop yields, quality, and resilience to climate change.

It said, "The Government of India and the Asian Development Bank (ADB) today signed a USD 98 million loan to improve horticulture crop farmers' access to certified disease-free planting materials, which will boost their crops' yield, quality, and resilience to climate impacts."

The loan agreement, part of the "Building India's Clean Plant Programme," was signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, and Kai Wei Yeo, Officer-in-Charge of ADB's India Resident Mission.

Speaking on the occasion, Mukherjee emphasized the importance of plant health in improving farmers' productivity. "ADB funding will promote plant health that is vital for improving productivity of farmers," she said.

Yeo highlighted that the project aligns with the Government of India's Atmanirbhar Clean Plant Programme (CPP), which focuses on improving plant health management.

"It will help develop regulatory framework and institutional systems to effectively implement the CPP for horticulture in India. The project will involve close consultation with private nurseries, researchers, state governments, and growers' associations to ensure its success and sustainability," he added.

As per the ministry the project aims to establish clean plant centres equipped with state-of-the-art laboratories for disease diagnostics and staffed by trained experts.

These centres will maintain disease-free foundation materials and roll out a clean plant certification scheme. Accredited private nurseries will be tested and certified to ensure farmers have access to high-quality planting materials.

In addition to increasing crop productivity, the project is also expected to help farmers adapt to the challenges of climate change. Rising temperatures are affecting pest and disease behavior, and the initiative's focus on disease-free materials will contribute to long-term resilience.

"The plant health management promoted through the project will also help farmers adapt to climate change, as rising temperatures not only cause extreme weather events but also affect pest and disease behavior" said the ministry.

The Ministry of Agriculture and Farmers Welfare, in collaboration with the National Horticulture Board and the Indian Council of Agricultural Research, will oversee the project's implementation. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
US Supreme Court order to give immediate...
World saw vibrancy of Indian AI ecosyste...
After Supreme Court ruling, US Trade Rep...
Pillars of Asia to Debut in Dubai 2026, ...
White House confirms 10% import duty eff...
BMW India Foundation supports traditiona...
More...
 
INDIA WORLD ASIA
Congress's conduct at India AI Impact Su...
Maharashtra CM Devendra Fadnavis slams Y...
PM Modi established India as powerhouse ...
Assam: Senior Congress leader Ripun Bora...
Additional Sessions Judge (ASJ) Shunali ...
Andhra Pradesh: BJP leaders protest agai...
More...    
 
 Top Stories
"Aren't BJP politicians the most ho... 
"Grateful to PM Modi for establishi... 
"Rs 8,000 Cr provided for women to ... 
Odisha: Five arrested in minor stud... 
"INDIA alliance distancing themselv... 
"Will be raising, effective immedia... 
Adani Defence & Aerospace and E... 
Tamil Nadu: NTK releases list of 23...