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Maharashtra launches SMART initiative

  • Category
    Polity & Governance
  • Published
    20th Dec, 2018

Over 49 companies including the Tata Group, Amazon, ITC, and Patanjali, signed a Memorandum of Understanding with Maharashtra’s government for SMART initiative.

Context

Over 49 companies including the Tata Group, Amazon, ITC, and Patanjali, signed a Memorandum of Understanding with Maharashtra’s government for SMART initiative.

About

  • SMART stands for ‘State of Maharashtra’s Agribusiness and Rural Transformation’ project.
  • Purpose: To revamp the agricultural value chain and improve the price realisation for the farmer.
  • It is assisted by World Bank, while Confederation of Indian Industry is the industry partner.
  • It entails an investment of ?2,000 crore, of which World Bank contributed ?1,500 crore while the State government contributed ?430 crore.
  • The balance ?70 crore was raised by Village Social Transformation Foundation (VSTF) through its partners.
  • The VSTF has signed MoUs with 22 corporates and start-ups to focus on increasing farm productivity and higher price realisations for farmers by ensuring direct tie-up with end buyers.
  • The project, which is being undertaken on a mammoth scale, will cover almost one-fourth of Maharashtra.

Significance

SMART will help support value addition in post-harvest segments of value chains, facilitate enterprise promotion, and business investment for community-based organizations, and will lead to transformation in agriculture.

Other initiatives by Maharashtra for agriculture reforms:

  • The agriculture reforms had begun with anti-drought mitigation reforms in 2014.
  • Jalyukt Shivar: Under this flagship project, almost five lakh water conservation projects have been completed under in 16,480 villages. The target is to cover 25,000 villages.
  • Project on Climate Resilient Agriculture (PoCRA): It is undertaken to enhance climate?resilience and profitability of smallholder farming systems in selected districts of Maharashtra. This project is also funded by World Bank.
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