Uttar Pradesh to Launch Agriculture Business Project with World Bank Funding
| Aspect | Details |
|---|---|
| Project Name | Agriculture Business and Entrepreneurship Project |
| Funding | World Bank |
| Project Cost | Rs 4,000 crore |
| Objective | Boost rural income in Uttar Pradesh |
| Beneficiaries | Farmers, farm groups, agro MSMEs, fisherfolk, and rural women in SHGs |
| Target Regions | 28 districts in eastern Uttar Pradesh and the Bundelkhand region |
| Number of Beneficiaries | 1 million farmers, including 30% rural women in SHGs |
| Financial Assistance | Provided to 100,000 fisherfolk |
| International Training | 500 farmers will be sent on international tours for advanced farming techniques |
| Key Investments | High-yielding seed varieties, farm infrastructure, digital agricultural platform, carbon credit market |
| Carbon Markets | Tool for pricing carbon emissions; trading systems for carbon credits |
| Carbon Credit Definition | Tradable permit equal to one tonne of carbon dioxide removed or reduced |
| Carbon Allowances | Determined by countries or governments based on emission reduction targets |
| Historical Context | Carbon trading started formally in 1997 under the Kyoto Protocol |