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World Bank to fund community-led landscapes management in Meghalaya

ANI  |  New Delhi [India] 

A loan agreement worth USD 48 million for the "Community - Led Landscapes Management Project (MCLLMP)" was signed here on Monday between and the World

The objective of the project is to strengthen community-led landscapes management in selected landscapes in

The project consists of three components- strengthening knowledge and capacity for natural resource management; community-led landscape planning and implementation; and project management and governance.

Meghalaya's natural resources such as land, water sources, and forests are a source of livelihood for a majority of the population in the State. The project will help manage these depleting resources, by strengthening the communities and traditional institutions.

Restoration of degraded and highly degraded landscapes under the project will increase water for local communities and improve the soil productivity which will in turn increase incomes and reduce poverty.

The International for Reconstruction and Development (IBRD) loan agreement was signed by Sameer Kumar Khare, (MI), on behalf of the and Hisham A Abdo Kahin, Acting Country Director, World (India) on behalf of the

A project agreement was also signed by P. Sampath Kumar, to the Government of and CEO, Development Authority (MBDA) and Hisham A Abdo Kahin, Acting Country Director, (India).

On a related note, the closing date of the aforementioned project is June 30, 2023.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 18:22 IST