World Bank assisted project SMART launched in Maharashtra

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Maharashtra Government has launched World Bank assisted State of Maharashtra’s Agribusiness and Rural Transformation (SMART) Project to transform rural Maharashtra. This project aims to revamp agricultural value chains, with special focus on marginal farmers across 1,000 villages.

State of Maharashtra’s Agribusiness and Rural Transformation (SMART) Project :

The objective of project is to create and support value chains in post-harvest segments of agriculture, facilitate agribusiness investment, stimulate SMEs within the value chain. It will also support resilient agriculture production systems, expand access to new and organised markets for producers and enhance private sector participation in the agribusiness.

This initiative is in line with Union Government’s step towards doubling farmers’ income by 2022.  The launch of project which was followed by signing of 50 memorandum of understandings (MoUs) between big corporates and farmers producer groups.

The project is giant step towards transformation of rural economy and empowerment of farmers and also sustainable agriculture through public-private partnership (PPP) model. It seeks to sure higher production of crops and create robust market mechanism to enable farmers to reap higher remunerations for the yield.