West Bengal Accelerated Agriculture Transformation Project (WB-P168999)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
West Bengal
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
Dec 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
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)
$ 300.00 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)
$ 430.00 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 document, "the proposed project will be structured as an Investment Project Financing (IPF) over a six-year period funded by an IBRD loan. It will focus primarily on the value addition and marketing of primary produce in prioritized agriculture and allied sectors namely horticulture (fruits, vegetables, spices, flowers), livestock (meat, eggs and dairy) and aquaculture (high value species), for which the State has sufficient comparative or competitive advantage."

Investment Description
  • World Bank (WB)

Co-financing:

Borrower US$ 130 million

Contact Information
World Bank
Raj Ganguly
Senior Agribusiness Specialist
 
Borrower/Client/Recipient
Ministry of Finance
Bandana Preyashi
Director
 
Implementing Agencies
Department of Agriculture
Mr. Jitendra Roy
Joint Secretary

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx .