ADB loans for Agribusiness in India

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Asian Development Bank (ADB) and the Government of India have signed a $67.6 million loan that will help improve physical and institutional links to support agriculture in the state of Bihar. The loan will help expand agricultural value chains and facilitate better linkages for small scale farmers with processors, agribusiness entrepreneurs, and service providers in Muzaffarpur and Patna-Nalanda regions of Bihar.

The loan is the first tranche of a $170 million multitranche financing facility under the Agribusiness Infrastructure Development Investment Program, which was approved by the ADB Board in September, 2010 to boost private sector investment in agribusiness infrastructure in selected regions of Bihar and Maharashtra.

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