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Patna, (Bihar Times): The Asian Development Bank will
lend about $ 1.45 billion for the development of
infrastructure and agriculture to reduce rural poverty
in Bihar.
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According to reports from Delhi the bank would lend
about $ 250 million for the projects such as
Agribusiness Infrastructure Development Project, $ 500
million for Power Sector Development Programme, $ 150
million for Urban Infrastructure Development Sector
Programme, and $ 300 million for the state Roads
Investment Programme.
ADB’s “India: Country Operations Business Plan
2008-2010” says poverty would be reduced through
increased private partnership in agricultural
marketing and integration of small farmers into
organised value chains.
It needs to be mentioned that heads of the World Bank
(WB), ADB, UK-based Department of International
Development (DFID) and Japan Bank of International
Cooperation (JBIC) had their first joint meeting in
Bihar in the presence of Chief Minister Nitish Kumar
in January.
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