New Delhi, Oct 5 (KNN) India has signed a credit agreement with International Fund for Agricultural Development (IFAD) for a tribal empowerment livelihood project to benefit small rural producers.
“An agreement for credit of USD 51 million (equivalent) from IFAD for the Jharkhand Tribal Empowerment Livelihood Project (JTLEP) was signed here today,” said an official release.
The objective of the project is to enable rural households to take-up sustainable livelihood opportunities. It would benefit small rural producers, women, scheduled caste households and youth in the hill districts of the State of the Jharkhand.
The goal of the project is to reduce poverty in the hill districts of the State of Jharkhand.
The agreement was signed by Joint Secretary, Department of Economic Affairs, Ministry of Finance, Nilaya Mitash, on behalf of the Government of India and Country Programme Director, IFAD India, Nigel Brett on behalf of IFAD. JTELP would continue till September 2021.
Similarly, a project agreement was signed by Principal Secretary, Jharkhand L Khiangte, on behalf of the Government of Jharkhand with IFAD.
The new project has four main components, namely, Community Empowerment, Integrated Natural Resource Management, Livelihood Project and Project Management.