World Bank approves USD 200 million project for Kerala's agri sector

New Delhi [India], November 5 (ANI): The World Bank has approved a loan worth USD 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.