Maharashtra Agribusiness Network Tender

Project Status ProposedSource of Funding Amount Loan maharashtra agribusiness network projectOrdinary capital resources US 100.00 million The project targets to support fpos by improving a network of post-harvest marketing and value chains focusing on the horticulture crops identified in the pre-feasibility study. The project design reflects the lessons learned from the previous projects and comprises separate components for public sector infrastructure development and private sector investment support. Adb will add value through an integrated approach addressing capacity development financial support and infrastructure development. Maharashtra is the second largest state in india in terms of population and ranks third by geographical area. The state is also the leading contributor to the national gross domestic product accounting for 14. 4 in fy201718 and demonstrated rapid economic growth averaging 10. 0 per year between fy201314 and fy201819 driven by industrial and service sector outputs. However the state is also ranked among the highest in the income and development inequality as economic development is concentrated around major cities and rural poverty is still prevailing. The average income per capita in the poorest district is merely 25. 6 of mumbai the district with the highest income. The poverty rate is 24. 2 and gets as high as 40 in poor districts and 23 out of 36 districts have higher poverty rates than the national average of 18. About 53 of the states population depend on agriculture for their livelihood and subsistence. About 80 of the farmers are marginal farmers with small landholdings. Increasing the income of marginal farmers impacts significantly on poverty reduction of rural maharashtra. Achieve average agriculture sector growth rate of 5 per cent promote agriculture produce export and establish fair competitive and accessible agriculture markets vision 2030 Maharashtras horticultural production values and fpos profit increased