World Bank signs agreement with Govt. for NRETP |
The World Bank and the Government of India signed a 250 Million dollar Agreement for the National Rural Economic Transformation Project in New Delhi. This agreement will help women in rural households shift to a new generation of economic initiatives by developing viable enterprise for farm and non-farm products. A Key Focus of the Project will be to promote women-owned and women-led farm and non-farm enterprises across value chains; enable them to build businesses that help them access finance, markets and networks; and generate employment. The National Rural Economic Transformation Project is an additional financing to the already existing 500 million Dollars “National Rural Livelihoods Project” approved by the World Bank in July 2011. The NRLP is currently being implemented across 13 states, 162 districts and 575 blocks and has so far mobilized more than 8.8 million women from poor rural households into 750,000 self-help groups.
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