Meghalaya Landscapes Management Project: $48 million Loan agreement inked with World Bank
The Union Government (Finance Ministry) has signed Loan Agreement with World Bank for IBRD loan of US $48 million for Meghalaya Community – Led Landscapes Management Project (MCLLMP) The project aims to strengthen community-led landscapes management in selected landscapes in Meghalaya by 2023.
Meghalaya’s natural resource such as land, water sources and forests is source of livelihood for majority of state population. The project consists of three components:
- Strengthening knowledge and capacity for natural resource management.
- Community-led landscape planning and implementation.
- Project management and governance.
Significance of Project
It will help manage these depleting resources, by strengthening communities and traditional institutions. The Restoration of degraded and highly degraded landscapes under the project will increase water for local communities and improve soil productivity which will in turn increase incomes and reduce poverty.
Categories: India Current Affairs 2018