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Publish Date : 08-Oct-2013

India has inked a $51 million credit deal with the International Fund for Agricultural Development (IFAD) for the Jharkhand Tribal Empowerment Livelihood Project (JTLEP).

Mr Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr.Nigel Brett, Country Prorgamme Director, IFAD have initialed the documents.

It is stated that this will enable JTELP to continue till September 2021.

At the same time, a project agreement was signed by Mr L. Khiangte, Principal Secretary, Jharkhand on behalf of the Government of Jharkhand with IFAD.

The project is aimed at allowing rural households to take up sustainable livelihood opportunities and reduce poverty. It will benefit small rural producers, women, scheduled caste households and youth in the hill districts of Jharkhand.

The new project includes four main components like Community Empowerment, Integrated Natural Resource Management, Livelihood Project and Project Management.

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