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UP Govt, World Bank Discuss Rs 3,903 Crore Project To Boost Agri, Rural Enterprise

BNE News Desk , November 9, 2024
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Lucknow: The Uttar Pradesh government in collaborations with the Department of Economic Affairs (DEA) and the World Bank held negotiations for the Rs 3,903 crore Uttar Pradesh Agricultural Growth and Rural Enterprise Ecosystem Strengthening project in New Delhi on November 8, 2024. 

Reportedly, the six-year project aims to revitalise the state's agriculture and allied sectors, enhance productivity and link smallholder farmers to high-value commodity clusters. Chief Secretary Manoj Kumar Singh representing the state government, outlined the project's pivotal role in advancing the state's vision to achieve a trillion-dollar economy by 2030. 

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Manoj Kumar Singh highlighted that the project will support high-value crop clusters and establish a stronger fisheries ecosystem, with particular focus on the state's eastern and Bundelkhand regions.

UP To Launch Digital Agriculture Platform with World Bank Support 

Moreover, a digital agriculture platform will be set up to provide real-time insights to farmers, helping optimise resources, increase resilience, and boost productivity as part of the project. 

"I am convinced that the farmers of Uttar Pradesh can achieve great things if they are given exposure to the best national and international practices," the chief secretary said. 

The project's key components under discussion include climate-resilient productivity enhancement, development of value-added commodity clusters, and strengthening the state's digital and financial ecosystems. By mid-2025, Uttar Pradesh's Jewar airport is expected to become operational, providing further export avenues for local produce, according to an official release.

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World Bank's Country Director for India, Auguste Tano Kouamé, voiced strong support for the initiative, underscoring the institution's commitment to assist Uttar Pradesh in implementing this transformative project. According to PTI, the World Bank's board of executive directors is anticipated to review and consider project approval by mid-December 2024.