New Delhi: The Asian Development Bank has approved a USD 42.2 million small-expenditure financing facility to develop the bamboo industry in India's northeastern states, boosting agricultural productivity, strengthening rural livelihoods, and reducing dependence on imports.
The facility will support community-based projects that enhance the growth, usage, and management of bamboo resources across Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura through multiple subloans financing a range of activities, including those ensuring the participation and employment of women across the value chain, the Asian Development Bank (ADB) said in a statement.
