Connect with:
Thursday / November 21. 2024

logo
mobile-logo
HomePosts Tagged "Asian Development Bank (ADB)"
AgroPolicy, Collaborations, Finance, India, Schemes - Banks, Schemes - Govt

Under this initiative, a Technical Support Unit (TSU) has been set up in NABARD with the partnership of Bill and Melinda Gates Foundation (BMGF).

National Bank for Agriculture and Rural Development (NABARD) and Asian Development Bank (ADB) launched an initiative to facilitate climate action in India’s agriculture, natural resources, and rural development (ANR) sector. Under this initiative, a Technical Support Unit (TSU) has been set up in NABARD with the partnership of Bill and Melinda Gates Foundation (BMGF) to enable NABARD to address the challenges posed by climate change, particularly in the areas of agriculture and rural livelihood sectors in India.

At the launch event, Shaji K V, Chairman of NABARD, highlighted the importance of enhancing climate resilience since close to 55 per cent of assets in the Indian Banking sector is prone to climate risks. He also mentioned, that “NABARD is committed to not just support rural financial institutions in India to identify and abate climate risks but also channel global pools of climate capital into India’s ANR sector. At the same time, NABARD is also focussed on setting up a path to climate neutrality in its own operations.” Mio Oka, Director, Agriculture, Food, Nature, and Rural Development Sector Office, ADB and Srivalli Krishnan, Senior Program Officer, BMGF were also present during the launch event.

Intellecap Advisory Services Private Limited has been appointed to manage this Technical Support Unit. Intellecap has proven experience in on-ground management of large-scale programs in agriculture and other agri-allied sectors, with a climate adaptation as well as mitigation focus. NABARD would like to use this opportunity to call all the ecosystem partners to join us in this journey and make this planet a better place to live.

Under this initiative, a Technical Support Unit

Finance, India, Logistics, Supply Chain

Funds will be used to expand the terminal’s container handling capacity and attract vessels operating on important international shipping lanes.

The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) signed a $131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal located in Navi Mumbai Maharashtra to enhance international trade in India through efficient, transparent, and state-of-the-art logistics infrastructure.

The financing package comprises $61.4 million from ADB’s ordinary capital resources and $69.6 million from Leading Asia’s Private Infrastructure Fund (LEAP) administered by ADB. The funds will be used to upgrade existing berths and yards and install additional energy efficient equipment such as electric quay cranes. These upgrades will expand the terminal’s container handling capacity and attract vessels operating on important international shipping lanes.

NSFTPL is a special purpose vehicle jointly owned by J M Baxi Ports and Logistics Limited (JMBPL) and CMA Terminals.

“Global trade and supply chains are vulnerable to shocks, and enhancing countries’ capacity for trade is critical to the region’s recovery from COVID-19 and its ongoing prosperity. Long-term financial support from ADB can boost economic competitiveness in India by developing world-class mega ports and boosting the efficiency of containerized cargo terminal operations”, said  Ashok Lavasa, ADB Vice-President for Private Sector Operations and Public–Private Partnerships

“We are absolutely delighted to sign the Financing Agreement with ADB, which is the largest loan agreement signed by us so far, and we appreciate ADB’s commitment and agility in bringing this deal to a smooth closure in record time,” said Dhruv Kotak, NSFTPL Board member and JMBPL Managing Director. “Nhava Sheva Freeport Terminal is a key terminal for the country and this deal underscores India’s potential in becoming a $10 trillion economy by 2035. We are proud to have ADB support us in our endeavor to make international trade seamless, and this partnership is a testimony of our shared value system of the highest level of governance, transparency, and compliance” he added.

Funds will be used to expand the

Agro Universities, Agrotech, India, R&D

It is a quicker and efficient tool for Insurance companies and governments to evaluate challenges and damages posed by climate-related shocks.

ICRISAT scientists in collaboration with the Asian Development Bank (ADB) have developed high-resolution spatial maps that enable cropland mapping for insurance claims and agriculture policy decision-making on targeting Regenerative Agriculture (RA).

Agricultural insurance is becoming one of the fastest-growing markets globally. For farmers to cope with crop loss, stabilizing farm incomes through insurance payoffs can help reduce poverty. Spatial mapping is a quicker and efficient tool for guiding agriculture policy makers to minimize climate risks,” said Dr Arvind Kumar, Deputy Director General-Research, ICRISAT.

Physical ground surveys are a laborious process and often require an army of surveyors to validate the effects of floods and drought. ICRISAT scientists in collaboration with the ADB developed spatial maps for South Asia to assess croplands, crop type and crop intensity data. South Asia accounts for 1.9 billion people, constituting almost 25 per cent of the world’s population, 87 per cent of which are smallholder farmers.

Insurance companies and government agencies require high-quality satellite imagery to monitor and map floods/droughts and other climatic conditions to make the claims process more accurate and efficient. ​”In addition to crop insurance, spatial maps can also be used as potential tools to target regenerative agriculture. Crop type mapping can also better guide where and in what systems regenerative agriculture can be deployed,” said Dr ML Jat, Research Program Director, Resilient Farm and Food Systems, ICRISAT.

Higher resolution:

To this end, ICRISAT scientists have produced three distinct spatial maps for South Asia with a spatial resolution of 30 m, which is much higher to get finer details of cropland for food and water security assessments. Currently, these factors are evaluated using mainly coarse-resolution (250–1000 m) remote sensing data.

“The high spatial resolution data would enable cropland assessment, modelling, mapping, and monitoring for South Asia, which is home to nearly two billion people and 230 million hectares of net cropland area. Subsequently, the data would help generate various development models for accurate monitoring and decision-making for the entire region,” said Murali Krishna Gumma, Principal Scientist and Cluster Leader – Geospatial Sciences and Big Data at ICRISAT.

The team developed three spatial maps for South Asia for the year 2014-15 to support food and water security assessments and management. The three distinct spatial maps would assess irrigated versus rainfed croplands, crop types or crop dominance and cropping intensity i.e., the number of times a crop is grown on the same plot of land in a year.

It is a quicker and efficient tool