NEW DELHI(PTI): More than 91,000 rural people in western Indian state of Maharashtra are expected to benefit from a 29.2 million dollar loan agreement signed between the government of India and International Fund for Agricultural Development (IFAD).
The agreement was signed in Rome last week by Indian ambassador in Italy, Kuldip Sahdey on behalf of India and Fawzi H, Al Sultan, President, IFAD, on behalf of the fund. The specific objectives of the project include improving the pro vision of financial services to the rural poor by commercial banks and to make a large majority of the villagers bankable clients.
The project in Maharashtra would be carried out insight districts Yavatmal, Chandrapur, Nanded, Pune, Dhule, Jalgaon, Buldhana and Akola. The United Nations Development Project and Worldview International Foundation are the co-financers of the project.
Article extracted from this publication >> June 11, 1993
