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World Bank approves $200 mn project for Kerala's agri sector

November 06, 2024

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The Business Guardian

The $200 million Kerala Climate Resilient Agri-Value Chain Modernization (KERA) Project will help strengthen the resilience of the state's agricultural sector to climate change.

World Bank approves $200 mn project for Kerala's agri sector

The World Bank has approved a loan worth $200 million to support farmers in Kerala to adapt to climate change and promote agri-entrepreneurs to market value-added products.

The loan from the International Bank of Reconstruction and Development (IBRD), the multilateral development bank World Bank's lending arm, has a final maturity of 23.5 years, including a grace period of 6 years.

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