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:
|
Courses
Study
Notes
Home
Resources
More
