ADB approves US$125 million loan, grant to boost irrigation in Nepal

 

by IANS |

Manila, Oct 7 (IANS) The Asian Development Bank (ADB) on Monday said it has approved a financing package of US$125 million to provide long-term sustainable solutions to increase year-round access to irrigation water in rural communities in Nepal's Madhesh province.


The financing package comprises a US$110 million concessional loan and a US$15 million grant from the Asian Development Fund, which provides grants to ADB's poorest and most vulnerable developing members, reports Xinhua news agency.


The ADB said the Mechanical Irrigation Innovation Project will build a network of deep tube wells equipped with pump houses, prepaid smart card systems, and a dedicated electricity distribution network.


The project will construct approximately 900 km of underground pressure pipe distribution networks to bring irrigation water from pump houses to farms.


The project is expected to help farmers improve their capacity to shift to climate-resilient agricultural practices. This includes introducing high-value and high-yielding crops to diversify crop production, adopting more efficient irrigation practices such as micro-irrigation, and strengthening farmers' value chain and marketing linkages.


 


--IANS

Latest News
Mohsin Naqvi confident' of India's participation in Pakistan's Champions Trophy 2025 Mon, Oct 07, 2024, 04:58 PM
ADB approves US$125 million loan, grant to boost irrigation in Nepal Mon, Oct 07, 2024, 04:56 PM
Gambhir's advice was to focus on strengths and abilities: Mayank Yadav on his T20I debut Mon, Oct 07, 2024, 04:55 PM
Man Utd eye Tuchel as Ten Hag's future hangs in the balance: Report Mon, Oct 07, 2024, 04:53 PM
US scientists awarded 2024 Nobel Prize in Medicine for microRNA discovery Mon, Oct 07, 2024, 04:48 PM