The Centre, Maharastra Government, and the World Bank have signed a.....million dollar project to help small and marginals farmers in the Marathwada and Vidarbha region of the state.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Centre, Maharastra Government, and the World Bank have signed a____million dollar project to help small and marginals farmers in the Marathwada and Vidarbha region of the state.

A	102 million dollar
B	100 million dollar
C	956 million dollar
D	420 million dollar

Explanation:

Detailed explanation-1: -The project aims to transform Rural Maharashtra through “SMART” interventions in Agriculture and Livelihood sectors, assisted by World Bank.

Detailed explanation-2: -Of 13.6 million farmers in the state, 48.9% are marginal farmers and 29.5% are small farmers, and smallholder agriculture constitutes 45.2% of the total cropping area with an average operational land holding of 1.34 hectares (ha).

Detailed explanation-3: -Published: Thursday 15 September 2022 The input subsidy for rain-fed agriculture has been increased to Rs 13, 600 per hectare from Rs 6, 800 per hectare. The financial assistance for irrigated land has been raised to Rs 27, 000 from Rs 13, 500.

Detailed explanation-4: -The World Bank has approved a project worth ₹1, 000 crore for taking rain-fed farming to new heights in the hilly regions of Uttarakhand. The project named Uttarakhand Climate Responsive Rain-fed Farming Project will be implemented by the watershed department.

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