The Andhra Pradesh regional office of Nabard (National Bank for Agriculture and Rural Development) has sanctioned Rs 28.5 crore as part of its sustainable livelihood support programme.
The amount would be used to support horticulture initiatives of 6,309 tribal families in nine districts of the state. It would be implemented as 12 new ‘Maa Thota’ projects and would cover the entire range of operations from pit-digging to marketing of fruit, according to an official release.
Of the sanctioned amount, Rs 26.1 crore is in the form of a grant while Rs 2.4 crore is loan. The seven-year programme would be implemented in Anantapur, Chittoor, Guntur, Karimnagar, Khammam, Medak, Mehboobnagar, Nalgonda and Vizianagaram districts.
P Mohanaiah, chief general manager, Nabard (AP), said in a release that another 12 similar projects were being contemplated for the state during the current financial year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app