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World Bank to lend $100 million to boost Tamil Nadu's rural economy

A new platform will celebrate innovative solutions of rural entrepreneurs

World Bank
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World Bank

T E Narasimhan Chennai
The government and the World Bank on Wednesday signed a $100 million loan agreement to support producer organisations and enterprises, especially women entrepreneurs in Tamil Nadu.

This is expected to promote rural enterprises, facilitate their access to finance, and create employment opportunities for youth, particularly women, in selected blocks of Tamil Nadu across 26 districts, directly benefitting over 400,000 people.

The Tamil Nadu Rural Transformation Project will create an enabling environment for producer organisations and enterprises to promote businesses across select value chains. Based on the analysis, communities will identify commodities and subsectors in the value chain for preparing business plans. 30

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First Published: Jan 31 2018 | 11:22 AM IST

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