Agribusi­ness gets a boost

Southasia - - Cover story - Data com­piled by SouthAsia

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.

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