The Government of India and the Asian Development Bank (ADB) signed a $98 million loan Memorandum of understanding (MoU) to promote plant health management in India’s horticulture. Plant health management promoted through the project will also help farmers adapt to climate change, as rising temperatures not only cause extreme weather events but also affect pest and disease behavior.
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| India, ADB sign $98 million loan MoU to promote plant health management |
India, ADB sign $98 million loan MoU to promote plant health management in India
The Government of India and the Asian Development Bank (ADB) signed a $98 million loan Memorandum of understanding (MoU) to improve horticulture crop farmers’ access to certified disease-free planting materials, which will boost their crops’ yield, quality, and resilience to climate impacts.
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The MoU Signed By
The signatories to the India, ADB sign $98 million loan MoU for the Building India's Clean Plant Programme were Ms. Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, and Kai Wei Yeo Officer-in-Charge of ADB’s India Resident Mission, for ADB.
Aims
The $98 million loan MoU between India and ADB aims to support the Government of India’s Atmanirbhar Clean Plant Program (CPP), which enhances plant health management. It will help develop regulatory framework and institutional systems to effectively implement the CPP for horticulture in India. The project will involve close consultation with private nurseries, researchers, state governments, and growers’ associations to ensure its success and sustainability.
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Key Highlights With Details
The plant health management promoted through the project will also help farmers adapt to climate change, as rising temperatures not only cause extreme weather events but also affect pest and disease behavior.
This will be achieved through establishing clean plant centres dedicated to maintaining disease-free foundation materials. These centres will feature laboratories equipped with cutting-edge diagnostic testing methods and will be staffed with experts who are trained in clean plant centre operating procedures and diagnostic testing protocols.
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The India, ADB $98 million loan agreement project will roll out a clean plant certification scheme, accrediting private nurseries, and testing and certifying their planting materials. It will be implemented by the Ministry of Agriculture and Farmers Welfare through the National Horticulture Board and the Indian Council of Agricultural Research.
Static Current Affairs related to Asian Development Bank (ADB) for upcoming exams
- Formation: 19 December 1966
- Full form of ADB: Asian Development Bank
- Headquarters: Manila, Philippines
- President: Masatsugu Asakawa
- Members: 68 countries
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