New Delhi:The central government, the Himachal Pradesh government and the World Bank on Wednesday signed an $80 million loan agreement to improve water management practices and increase agricultural productivity in selected gram panchayats in the hill state.
The Integrated Project for Source Sustainability and Climate Resilient Rain-Fed Agriculture in Himachal Pradesh will be implemented in 428gram panchayatsin 10 districts, benefiting over 400,000 small-holder farmers, including women, and pastoral communities.
"As we encourage climate-smart agricultural practices in India, farmers will need both technical and financial support to adapt agricultural practices relevant to their geography and climate. As a mountainous state, Himachal Pradesh is particularly vulnerable to climate change and associated risks," said Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, the government of India.
"Sustainable water management practices under this project can play a big role in doubling farmers' incomes, a goal set by the government of India. It is, therefore, critical that the best use is made of all available technologies and resources to increase water-use efficiency," he added.
The loan agreement was signed by Khare on behalf of the government of India; Ram Subhag Singh, Additional Chief Secretary (Forest), on behalf of the Himachal Pradesh government and Junaid Ahmad, Country Director, India, on behalf of the World Bank.
"Climate change is a global issue. But addressing its impact requires building resilience at the local level," said Ahmad.