India signs $200 million of Loan Agreement with World Bank (WB) for Assam Agribusiness and Rural Transformation Project

The Government of India (GoI) and the World Bank (WB) has signed a $200 million Loan Agreement for the Assam Agribusiness and Rural Transformation Project.
The Project will support the Government of Assam to facilitate agri-business investments, increase agriculture productivity and market access, and enable small farm holders produce crops that are resilient to recurrent floods or droughts in the state. The $200 million loan from the International Bank for Reconstruction and Development (IBRD), has a 7-year grace period, and a maturity of 16.5 years.