State of Maharashtra's Agribusiness and Rural Transformation Project (WB-P168310)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Maharashtra
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 12, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 210.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 17, 2019


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Project Description

According to the bank website,"the proposed project will strengthen and speed up ongoing agricultural systems transformation in the state of Maharashtra. The project will support the state in strengthening the continuing market-driven transition, with an expanded private sector role in the production, processing, and value addition, commercialisation of crops, and livestock products. With a substantial urban population–the highest in the country; relatively high per capita incomes–third highest in the country; and the highest industrialisation level amongst states, Maharashtra is well placed for such agricultural sector transformation. The proposed project will support the following pillars of agriculture and rural transformation in the state"

Investment Description
  • World Bank (WB)

Co-financing:
Borrower US$ 80 million
Other source US$ 10 million

Contact Information
World Bank
Manivannan Pathy, Adarsh Kumar
Sr Agricultural Spec.
 
Borrower/Client/Recipient
Bandana Preyashi
Director (MI), Ministry of Finance, Government of India
 
Implementing Agencies
Department of Agriculture, Government of Maharashtra
Vikas Chandra Rastogi
Project Coordinator
pd.pocra-mh@gov.in

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