Assam Current Affairs - 2020

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Government inks $200 million Loan Agreement for Assam Agribusiness and Rural Transformation Project

The Union Government and World Bank have signed $200 million Loan Agreement for Assam Agribusiness and Rural Transformation Project.

The $200 million loan from World Bank’s International Bank for Reconstruction and Development (IBRD) has a 7-year grace period, and a maturity of 16.5 years.

Assam Agribusiness and Rural Transformation Project

The Project will support Assam Government to facilitate agri-business investments, increase agriculture productivity and market access and enable small farm holders produce crops that are resilient to recurrent floods or droughts in state. It will help state to increase agricultural productivity by strengthening farming systems, raise private sector investments to promote agri-enterprises to create better job opportunities for youth in state.

The Project will be implemented in over 16 Districts of Assam. Over 500,000 farming households will directly benefit from it and at least 30% women are expected to participate in project activities. Specific focus will be given to women-led enterprises and their participation in decision-making process of farmer producer organizations.

The project will promote market-led production that can deal with vagaries of climate change. Market-led production system will take advantage of rapidly changing market, introduce crops that are resilient to climate change, increase production and manage risks for farmers

Besides, it will focus on geographic clustering of production base for certain commodities which will help agri-enterprises take advantage of existing and future market opportunities that they may not necessarily achieve alone. Successful clusters will help to innovate and adapt ‘best practices’ across agricultural value chains.

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Jagdish Mukhi sworn in as new Governor of Assam

Jagdish Mukhi was sworn in as new Governor of Assam. He was administered oath of office by Gauhati High Court Chief Justice Ajit Singh.

Mr. Mukhi succeeded Banwarilal Purohit who has been appointed as the Governor of Tamil Nadu. In his previous assignment, he had served as lieutenant governor of Andaman and Nicobar Islands.

Jagdish Mukhi

Mukhi is former member of BJP and RSS. He had started his political career with Janata Party in September of 1977. His first election success was in a 1980 by-election for the advisory Delhi Metropolitan Council. He had represented Janak Puri constituency in Delhi Assembly continuously from 1980 and has won seven continuous Vidhan Sabha elections from the same constituency until losing the 2014.

He has held important ministerial positions including minister of Finance, Planning, Excise and Taxation and Higher Education in Delhi government. He also had served as Leader of Opposition for almost 10 years. He was awarded as best planning minister of nation by then Union planning minister Pranab Mukherjee in 1997. Two times he was awarded with best MLA award in Delhi Vidhan Sabha.

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