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Maharashtra launches SMART initiative for Agribusiness, Rural Transformation

Maharashtra launches SMART initiative for Agribusiness, Rural Transformation

In a bid to transform rural Maharashtra, Chief Minister Devendra Fadnavis has launched a unique initiative called "SMART", which stands for State of Maharashtra’s Agribusiness and Rural Transformation. This World Bank assisted project aims to revamp agricultural value chains, with special focus on marginal farmers across 1,000 villages.

Over 49 companies including the Tata Group, Amazon, ITC and Patanjali among others entered an agreement with the Maharashtra government to revamp the agricultural value chain and improve farmers’ price realisation.

Project SMART entails an investment of ₹2,000 crore with the World Bank contributing₹1,500 crore and the State government ₹430 crore.

The balance ₹70 crore will come through VSTF (Village Social Transformation Foundation), a Maharashtra government initiative, through its partners.

VSTF signed MOU’s with 22 corporates and start-ups to focus on increasing farm productivity and price realisations for farmers by direct tie-up with end-buyers.

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