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Time of India
09-05-2025
- Business
- Time of India
World Bank is taking UP closer to $1 trn economy target: Yogi
Lucknow: Acknowledging the contribution of the World Bank to several development projects in UP, Chief Minister Yogi on Friday said the organisation played a significant role in the state's progress, whether in environmental conservation, promoting tourism, or managing infrastructure gratitude for the World Bank's consistent support, CM Yogi hailed its role in enabling Uttar Pradesh to move closer to its vision of becoming a $1 trillion economy. Tired of too many ads? go ad free now "The world now sees Uttar Pradesh not as a barrier, but as the growth engine of India," he said. Yogi and World Bank president Ajay Banga on Friday jointly launched two initiatives in Lucknow — 'UP-AGREES' and ' ' — with an aim to transform Uttar Pradesh into a more advanced state and realise its dream of becoming a USD 1 trillion marks a significant milestone," the CM said, adding that UP is stepping into a new era of innovation in agriculture and artificial intelligence. The UP-AGREES programme aims at promoting technology-driven farming in Purvanchal and Bundelkhand while AI Pragya strives to establish UP as a hub for artificial intelligence. Both projects aim to reach 10 lakh beneficiaries on the UP-AGREES project, the CM said it was a Rs 4,000 crore initiative, with the World Bank providing a loan of Rs 2,737 crore for six years. The loan repayment period is 35 years, at an interest rate of 1.23%. The project is aimed at directly benefiting farmers, farmer organisations, fishery operators and MSME units in the agricultural sector. The project will directly benefit 1 million farmers, with women holding a 30% stake. Additionally, 10,000 women producer groups will be integrated into the project. Furthermore, 500 farmers will be sent abroad to learn the best agricultural techniques.A govt spokesperson said the project would benefit farmers in 21 districts of east UPas well as districts in Bundelkhand . During the event, Yogi also announced the launch of a new mission to provide nutritious food to children. The CM Nutrition Mission will target children aged between six months and six years, with NGOs playing a crucial role. He said a similar initiative operates in Indonesia, and a special team from UP would visit Indonesia for a study of various aspects of the programme.
Time of India
09-05-2025
- Business
- Time of India
CM Adityanath, World Bank chief Banga launch two projects for farmers, youths
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Chief Minister Yogi Adityanath and World Bank President Ajay Banga on Friday jointly launched two initiatives 'UP-AGRIS' and ' AI Pragya ' with an aim to transform Uttar Pradesh into a more advanced state. Under the UP-AGRIS project, to be implemented with the World Bank's assistance, modern technology-driven farming will be promoted in the Purvanchal and Bundelkhand regions. The initiative is expected to enhance agricultural productivity and benefit nearly 10 lakh farmers, according to an official the 'AI Pragya' programme, which aims to position Uttar Pradesh as a hub for artificial intelligence, 10 lakh youths across the state will be trained in various AI skills."Uttar Pradesh is now recognised globally as a growth engine of India and not a barrier to progress," Adityanath said at the launch event, adding that both the programmes are crucial in realising the state's vision of becoming a one-trillion-dollar expressed gratitude for the World Bank's support in the AGRIS project, which he said would help improve farm productivity and uplift the farming projects were launched following a meeting between Cheif Minister Adityanath and World Bank chief Banga at the former's the meeting, Adityanath praised the World Bank for its consistent partnership in the state's development efforts, including environmental protection, tourism promotion, and infrastructure Rs 4,000-crore UP-AGRIS project will receive Rs 2,737 crore in loans from the World Bank over a period of six years, while the Uttar Pradesh government will contribute Rs 1,166 crore. The loan has a repayment period of 35 years at an interest rate of 1.23 per cent, according to the programme will directly benefit farmers, fishers, farmer organisations, and agri-related MSMEs, with 30 per cent of the benefits reserved for women. About 10,000 women producer groups will be involved, and 500 farmers will be sent abroad to learn best practices in agriculture, it project will cover 21 districts of eastern UP, including Shravasti, Bahraich, Balrampur, Gonda, Siddharthnagar, Basti, Maharajganj, Sant Kabir Nagar, Kushinagar, Gorakhpur, Deoria, Azamgarh, Mau, Jaunpur, Ballia, Ghazipur, Varanasi, Chandauli, Mirzapur, Sonbhadra, and Sant Ravidas NagarBesides, it will also cover seven districts of Bundelkhand -- Jalaun, Jhansi, Hamirpur, Mahoba, Banda, Lalitpur, and chief minister also announced an upcoming nutrition mission for children. The ' CM Nutrition Mission ' will cover children aged six months to six years, and voluntary organisations will be involved.A study team will be sent to Indonesia, where a similar programme is in place, he the AI Pragya scheme, 10 lakh youths will be trained in areas such as artificial intelligence, machine learning, data analytics, and cybersecurity. Participants will receive certification, and the initiative aims to support employment and startup culture in the programme will be implemented in collaboration with departments like education, health, agriculture, rural development, revenue, and secretariat administration, according to the launch event also saw the screening of a short film showcasing Uttar Pradesh's development attended the event along with World Bank Vice President Auguste Tano Kouame and India Country Director John the state government, ministers Suresh Khanna, Surya Pratap Shahi, Swatantra Dev Singh, Baldev Singh Aulakh, Chief Secretary Manoj Kumar Singh, and other senior officials were present.
