Patna,(BiharTimes): The Asian Development Bank (ADB) has agreed to give a loan of Rs 338 crore ($67.6 million) to Bihar to provide its farmers hi-tech markets.
According to reports the deal was signed in New Delhi on Monday and it would take three to four months for the funds to reach the state.
The ADB and the Union government has agreed to implement the Agri-Business Infrastructure Development Investment Programme. The latest agreement is the extension of the programme.
Private, cooperative, combined and government markets will be promoted keeping in mind the state’s agriculture roadmap and with an aim to establish hi-tech and well-equipped agriculture markets.
The private investors will create markets on their own land and the government will give them subsidies. Besides, the private investors coming up with proposal of minimum government help will get a priority.
As part of the Agri Business Infrastructure Development Investment Programme, the private investors will develop two integrated value chains.
The chains will facilitate activities from procuring raw materials to packaging.
The chains will have pack house, fruit pulping unit, cold chain, trading platform, warehouse, potato and onion storage units and ripening chamber among other facilities.
Sources said that an integrated value chain will cover Muzaffarpur, Vaishali, Begusarai, Darbhanga and Samastipur districts and the other will include Patna, Gaya Bhojpur, Buxar Rohtas and Nalanda districts.