Agribusiness gets a boost
The Asian Development Bank has recently announced a grant of $20 million for the High Mountain Agribusiness and Livelihood Improvement Project in Nepal which will be provided to small farmers and rural enterprises to help them increase the value and salability of their goods. The initiative is expected to generate new jobs for an estimated 7,500 people, directly benefiting about 5,000 households in 10 districts across four development regions in the country. By supporting activities such as improved processing, packaging, distribution and marketing, the project will help agribusinesses add quality and value to their goods, increase investment opportunities and links with the private sector, and boost off-farm employment. Hans Woldring, Agriculture and Natural Resources Economist with the ADB describes the goal of this project as to make mountain agribusinesses more commercially viable and to take advantage of improving rural infrastructure, as well as rising private sector interest in their goods.