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IFAD approves USD 30 million for north east project

Press Trust of India  |  Shillong 

The International Fund for Agriculture Development (IFAD) has approved a USD 30 million soft loan for phase four of the North Eastern Region Community Resource Management Project for Upland Areas (NERCORMP).

NERCORMP is a livelihood and rural development project under the North Eastern Council, covering several districts in Assam, Meghalaya, and

"Seeing the success story of NERCORMP, the IFAD, under the leadership of Rasha Omar, has recently approved a soft loan of USD 30 million for NERCORMP IV," North Eastern Council secretary Ram Muivah said here.

The project will be extended to new districts previously not covered previously under NERCORMP.

"The NERCORMP project had successfully transformed the lives of 1.2 lakh rural women and has also emerged as an instrument of women empowerment and game-changer for women in the the North East," he said.

IFAD Director Rasha Omar said the soft loan for NERCORMP IV is under consideration by the Centre and the districts to be covered are yet to be finalised.

Under its first phase during 1999-2008, two districts each in (Karbi Anglong and Dima Hasao), (Ukhrul and Senapati) and (West Khasi Hills and West Garo Hills district) were covered, reaching out to 39,161 households and forming over 3,100 women self-help groups, NERCORMP Managing Director Shailendra Chaudhuri said.

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

First Published: Thu, November 09 2017. 22:42 IST