Latest news with #WorldBank-aided
The Print
3 days ago
- Business
- The Print
Efforts underway to complete World Bank-aided multi-sectoral Tripura project by 2029: Official
'Out of 416.46 km, a stretch of 71.49 km has been completed, while construction is underway for another 133.41 km. Work order has also been issued for another 133.41 km,' Chief Operating Officer (COO), TRESP, Gajendra Verma, told PTI. Special emphasis is on completion of construction of over 416-km all-season roads, one of the major components of the project, to meet the deadline, he said. Agartala, Aug 10 (PTI) The authorities of the Tripura Rural Economic Growth and Service Delivery Project (TRESP), a World Bank-aided multi-sectoral programme, are making all efforts to complete it by 2029, a senior official said on Sunday. Over Rs 500 crore out of the Rs 1,400-crore project has been earmarked for strengthening the foundation of roads for economic growth in rural areas, especially in the tribal belts, he said. Verma said altogether 23 rural development (RD) blocks, including 11 'aspirational blocks', will benefit from the project, and a total of 12 school buildings will be constructed as part of investing in human capital development services. 'Detailed Project Reports for the school building construction have been prepared and work has started for four buildings. All the school buildings will come up in tribal-dominated areas for the welfare of the students belonging to indigenous tribes,' he said. Verma said the project will also impart training for teachers of various categories to enhance their skills. The TRESP will help in institution building by forming producer groups (PGs) under the Tripura Rural Livelihood Management (TRLM), the official said, adding, 2,000 PGs have already been constituted out of a target of 2,500. According to Verma, the project will also aid in developing single-window services (app and web based) and boost delivery systems for people to access schemes of the state government. 'A firm has been engaged for study and recommendation of the envisaged IT solutions, including applicable government process re-engineering (GPR). It has been proposed for a total 144 services and schemes,' he said. He said under TRESP, the Tripura Space Application Centre (TSAC) will engage a company for integrating the dashboard system for mobile data collection, data preparation, dissemination and visualisation. The World Bank is contributing around Rs 1,120 crore for the project, which was launched in March last year. PTI PS RBT This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Hindu
30-07-2025
- Business
- The Hindu
Workshop on Kerala Climate Resilient Agri Value-Chain Modernisation Project (KERA) held
The National Bank for Agriculture and Rural Development (NABARD) is happy to associate with the World Bank-aided Kerala Climate Resilient Agri Value-Chain Modernisation Project (KERA), Nagesh Kumar Anumala, chief general manager, NABARD, Kerala Region, has said. Addressing a workshop organised by the Agriculture department on the KERA project here on Wednesday, Mr. Anumala said NABARD and its subsidiaries would be associating with the project as it unfolds. He went on to add that NABARD Consultancy Services was keen to collaborate as a knowledge partner in the project. Climate change affects the agriculture sector the most. As far as Kerala is concerned, KERA project assumes significance as building resilience in this sector is important in the context of tariff wars and geopolitical tensions many of its commodities are associated with the international market, he said. Sushil Kumar, general manager, State Bank of India, also underscored the need to promote resilient agriculture. The ₹2,365.48-crore World Bank-aided project covers a five-year period. It has three components including climate resilience and mitigation in agriculture, enhancing small-holder commercialisation for local economic development and strengthening farmer producer organisations, farmer producer companies, agri-business and agri-tech startups.
The Hindu
30-07-2025
- Business
- The Hindu
Agriculture department ‘slow', won't score higher than ‘six' for speed: B. Ashok
Describing the Agriculture department as a 'slow' government department, B. Ashok, Principal Secretary (Agriculture) and Vice-Chancellor of the Kerala Agricultural University (KAU), said on Wednesday that it needed to increase speed in the implementation process. Compared to the Kerala State Electricity Board (KSEB) where he was previously the Chairman and Managing Director, the Agriculture department was quite slow-paced and would score no higher than six on a scale for speed, Mr. Ashok said. He was speaking after inaugurating a workshop organised by the Agriculture department on the World Bank-aided Kerala Climate Resilient Agri Value-Chain Modernisation Project (KERA). If the transmission wing of the KSEB gets 8.5 marks for speed, the Agriculture department would score only six. It is a matter of institutional culture, Mr. Ashok, who is also the Project Director of KERA and the State Agriculture Production Commissioner, said. Ironically, Mr. Ashok's tenure as teh KSEB CMD had been marked by protracted stand-offs with the KSEB employees' unions. He said he would still give 'huge credit' to the KSEB for being 'very strong implementers.' Mr. Ashok said the World Bank-aided KERA project offered ample opportunities for the department staff to develop skill-sets and create results in the State's farming sector. He lauded the KERA team for speedy organisation of the programme whose five-year term starts in November this year. He also underscored the need for speed in the implementation of projects and decision-making at the KAU. The workshop was attended by staff of the departments of Agriculture, Industries, Soil Survey and Soil Conservation, the State Planning Board, KAU, Vegetable and Fruit Promotion Council, Keralam, Kerala Industrial Infrastructure Development Corporation, and Kerala Startup Mission. Nagesh Kumar Anumala, Chief General Manager, National Bank for Agriculture and Rural Development (NABARD), Kerala Region, presided. Sushil Kumar, General Manager, State Bank of India and KAU dean Roy Stephen spoke.
Time of India
28-06-2025
- Business
- Time of India
Kerala sees 100% FDI growth: Minister
Thiruvananthapuram: Industry minister P Rajeeve said the state's new industrial policy has significantly transformed Kerala's entrepreneurial landscape and boosted job opportunities, enabling more youth to find employment within the state. Inaugurating the International MSME (micro, small and medium enterprises) Day celebrations, organized by the department of industries & commerce and the World Bank-aided Kera project, Rajeeve noted that Kerala is witnessing a rise in reverse migration amid global geopolitical tensions. He affirmed the govt's commitment to building an industry-friendly ecosystem that supports both employment and economic growth. The event's focal theme, ARYSE-Kerala (Awareness and Response for Young and Student Entrepreneurs), reflects the state's efforts to empower the next generation of entrepreneurs. "We are focusing on knowledge-based industries by leveraging Kerala's highly skilled workforce," Rajeeve said. Initiatives such as K-Store and K-Shoppe have enhanced sales for homegrown MSMEs and nano units. Under the Made in Kerala brand, products like coconut oil—branded as Nanma—have gained customer traction, with 10 more products to follow. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Honda SP160: Now with More Power and Style Honda Learn More Undo Other key interventions include subsidies and margin money for nano units, campus industrial parks for youth entrepreneurship, private industrial estate schemes, and extended support for marketing, taxation, and MSME sustainability. Rajeeve said the Invest Kerala Global Summit (IKGS), held earlier in Kochi, attracted Rs 1.96 lakh crore in investments. Kerala also recorded 100% growth in foreign direct investment (FDI), making it the top achiever in ease of doing business, as per a recent Union govt report. He said coordinated efforts by the govt and industries department have significantly reduced the failure rate of new MSMEs. Based on studies by IIM Indore and the Centre for Management Development, the govt will soon launch Mission 10000, aiming to scale up 10,000 nano enterprises to generate a combined turnover of Rs 1 lakh crore. An MoU between the directorate of industries and commerce and the Kera project was signed at the event.
United News of India
25-06-2025
- Business
- United News of India
Training for business development service providers to support MSMEs
Thiruvananthapuram, June 25 (UNI) Kerala Minister for Law, Industries and Coir P. Rajeeve inaugurated the state-level training programme for Business Development Service Providers (BDSPs) as part of the Reinforcing and Accelerating MSME Performance (RAMP) project at Institute of Management in Government (IMG) here today. The training for the BDSPs was conducted by the Kerala Institute of Entrepreneurship Development (KIED). APM Mohammed Hanish IAS, Principal Secretary (Industries); Vishnuraj P., IAS, Director of Industries and Commerce; Rajeev G, Additional Director of Industries and Commerce; Sharath V.S, General Manager (i/c), DIC Thiruvananthapuram; and Saji S, CEO, Kerala Institute for Entrepreneurship Development (KIED) attended the inaugural ceremony. The Directorate of Industries and Commerce, Kerala has recruited 500 BDSPs on contract basis, as part of RAMP scheme of the Govt. of India. They will be trained to provide a range of services to support and foster entrepreneurial activities at the local body level across the state. BDSPs are responsible for effectively communicating the business- friendly policies formulated by the Central and State government at the ground level. By assigning BDSPs in Panchayats, Municipal Corporations and City Corporations, the government is ensuring that all help and support are made available to the prospective entrepreneurs. World Bank-aided RAMP, aims at overall development and sustenance of MSME's in the country. The scheme was launched at the national level on June 30, 2022 and is being implemented over a period of five years under the aegis of the Union Ministry of MSME (MoMSME). Some of the major objectives of RAMP scheme are: to facilitate an easy market entry for MSMEs and to expand and create market for their products; to ensure loan availability for MSMEs, to ensure the Central-State Governments and their affiliated institutions are closely involved in the implementation of the scheme and encourage innovative ideas in MSMEs; to increase communication among MSMEs; to promote the current trends and processes followed by MSMEs; to encourage green practices in startups etc. The Ramp Strategic Investment Plan (SIP) submitted by State's Industries Department received the Centre's approval in January 2024 and the MSME Ministry sanctioned a grant of Rs. 107.71 crore for the implementation of projects under the scheme. The state government also allotted Rs. 37.07 Crores for the scheme. The comprehensive RAMP project covers components like DPR assistance for Mission 1,000 units, handholding for MSMEs through business executives, import substitution studies and strategic plan preparation, MSME-technology clinics and training programs. The planning and implementation of the project began in January this year under the leadership of the State Directorate of Industries and Commerce. UNI DS RN
