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To undertake a project on sustainable agriculture, the government has received a grant-in-aid of USD 37 million i.e, about 250 crore.
An official statement informed that "For the first time, the project related to Ministry of Agriculture on the subject 'to obtain revolutionary change on the strategies and methodologies for sustainable agriculture in India' is approved by Global Environment Facility (GEF)"
The project would be implemented in various parts in states such as Uttarakhand, Madhya Pradesh, Rajasthan, Orissa and Mizoram.
According to statement, on this project a sum of USD 37 million would be incurred which India has achieved in the form of grant-in-aid and within the span of seven years the Agriculture Departments of the states will implement.
To help tackle environmental problems, the Global Environment Facility (GEF) was established on the eve of the 1992 Rio Earth Summit. Since then, the GEF has provided USD 14.5 billion in grants and mobilised USD 75.4 billion in additional financing for almost 4,000 projects.
Agriculture Minister Radha Mohan Singh said, "On one hand, there are challenges to feed a growing population, on the other hand, our farmers are facing challenges due to the limited availability of natural resources along with increasing pressure on agricultural land."
Within a span of five years, the government has resolved to double the incomes of farmers and is working in a fast track in this direction, he said.
Source: http://www.banro.com/news-events/news-releases