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Business Daily from THE HINDU group of publications Tuesday, June 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1530 hrs (IST)
Global News / Markets ADB approves $ 2 m for marginal farmers in Orissa MANILA: Sharecroppers, women and other marginal farmers in Orissa will get $2 million under an Asian Development Bank project, aimed at increasing the income of extremely poor in the state by 20 per cent. The project will be carried out in several parts of Orissa, where over 40 per cent of the population lives below the poverty line, most of them in rural areas. Asian Development Bank (ADB) has approved a grant of $2 million from the Japan Fund for poverty reduction for the capacity building and livelihood enhancement of poor water users. The project will fund capacity building and skills programmes that support the development of new sustainable livelihood and income opportunities in areas like agro-processing, animal husbandry, fish farming and high value crop production. It will also conduct training and awareness activities for water user groups as lack of land and resources and little access to irrigation have left many rural dwellers in Orissa eking out a subsistence living from agriculture, ADB said in a statement.
The target is to increase the incomes of the extremely poor in project areas by 20 per cent and increase the membership of women in user group by 30 per cent by the third year of activity, NAM news network said. - PTI
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