The Rs 1,000 crore project is expected to improve the income of nearly 1.65 lakh households in Anantapur, Chittoor, Kadapa, Kurnool and Prakasam.
It was signed today in the North Block between the Centre, UN body International Fund for Agricultural Development (IFAD), and the Andhra Pradesh government's Drought Mitigation Project.
According to the agreement, IFAD will provide 50 per cent of the required sum (USD 75 million) over five years, and rest will be raised by the state, NABARD (National Agricultural Bank for Rural Development) and government schemes like NREGA, said B Rajasekhar, principal secretary in the Agriculture and Civil supplies department in the Andhra Pradesh government.
IFAD will monitor the project and, at the state level, a steering committee will oversee it.
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialised agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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
