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India signs USD 48 mn loan pact with WB for Meghalaya

Press Trust of India  |  New Delhi 

has signed an agreement with for a USD 48 million loan to strengthen in selected area in Meghalaya, the said today.

Closing date for 'Community - Led Landscapes Management Project (MCLLMP)' is June 30, 2023.

As per the ministry's statement, the project has three components -- strengthening knowledge and capacity for natural resource management; community-led landscape planning and implementation and project management and governance.

"The project will help manage these depleting resources, by strengthening the communities and traditional institutions," it said.

Meghalaya's natural resource such as land, water sources and forests is a source of livelihood for a majority of the population in the state.

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 ministry said.

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

First Published: Mon, April 16 2018. 21:40 IST