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PM Modi and IFAD collaborate to empower rural communities in Jammu and Kashmir with US$217 million programme

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Indian Prime Minister Narendra Modi Launches US$217.2 Million Agriculture Project in Jammu and Kashmir

New Delhi, 20 June 2024 – Indian Prime Minister Narendra Modi launched a US$217.2 million programme to transform agriculture, boost incomes, and improve the livelihoods of rural communities in Jammu and Kashmir. The “Competitiveness Improvement of Agriculture and Allied Sectors Project in Jammu and Kashmir (JKCIP)” is a partnership between the UN’s International Fund for Agricultural Development (IFAD) and the Government of Jammu and Kashmir (GoJ&K) in India to enhance the competitiveness and climate resilience of small-scale farmers.

Key Objectives of the Project

JKCIP will encourage 300,000 families and 1.5 million people across all 20 districts to adopt climate-smart and market-led production by introducing good agricultural practices, promoting diversification into high-value crops best suited to the region’s climate, and expanding the niche crop and horticulture crop cultivation areas.

Transforming Agriculture in Jammu and Kashmir

“This project is a unique opportunity to transform agriculture in Jammu and Kashmir,” said Ulaç Demirag, IFAD Country Director and Representative, India. “By prioritizing climate-smart practices, fostering innovation, sustainability, and empowering rural communities, this investment can help create a more prosperous, inclusive and resilient future for the region,” he added.

Addressing Constraints and Enhancing Livelihoods

JKCIP aims to unlock Jammu and Kashmir’s vast agricultural potential by addressing factors such as remoteness, limited connectivity, poor agricultural management practices, low investment in the value chain, and limited livelihood diversification options for vulnerable communities. The project will foster the development of viable and inclusive farmer producer organizations, enhance productivity of crops, improve market access and prices for farmers, and support the growth of agri-enterprises, particularly those led by young women entrepreneurs.

Investment Details

IFAD is contributing US$100 million to the US$217.2 million programme, with a focus on climate action. GoJ&K is contributing US$26.4 million, private banks are contributing US$20.8 million, the private sector is contributing US$20.7 million, and project participants are adding US$45.8 million of their own funds.

IFAD’s Work in India

India is one of IFAD’s founding members, and the organization’s current Country Strategic Opportunities Programme for India aligns with the government’s efforts to support smallholder agriculture. IFAD has supported 34 rural development projects in India worth over US$1.3 billion, benefiting over 6.3 million families.

FAQs

Q: What is the objective of the JKCIP project?
A: The objective of the JKCIP project is to encourage climate-smart and market-led production among rural communities in Jammu and Kashmir.

Q: What is the contribution of IFAD in the US$217.2 million programme?
A: IFAD is contributing US$100 million to the US$217.2 million programme, focusing on climate action.

Conclusion

The collaboration between Indian Prime Minister Narendra Modi and IFAD to launch the US$217.2 million Agriculture Project in Jammu and Kashmir marks a significant effort to empower rural communities and enhance the competitiveness of small-scale farmers. Through initiatives like the JKCIP project, there is a potential for agriculture transformation in the region, fostering innovation, sustainability, and inclusive growth.


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