India on Monday signed a loan agreement worth $48 million with the World Bank for “Meghalaya Community – Led Landscapes Management Project (MCLLMP)” aimed at strengthen community led landscapes management in selected landscapes in Meghalaya.
The loan agreement was signed by Sameer Kumar Khare, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and Hisham A Abdo Kahin, Acting Country Director, World Bank (India) on behalf of the World Bank.
The programme duration of the project is five years, which ends on 30 June 2023.
“The Objective of the Project is to strengthen community-led landscapes management in selected landscapes in the State of Meghalaya. The Project consists of three components: (i) Strengthening Knowledge and Capacity for Natural Resource Management; (ii) Community-led landscape planning and implementation and (iii) Project Management and Governance,” a union Finance Ministry statement said.
Meghalaya’s natural resource such as land, water sources and forests is a source of livelihood for a majority of the population in the State. The project will help manage these depleting resources, by strengthening the communities and traditional institutions. Restoration of degraded and highly degraded landscapes under the Project will increase water for local communities and improve the soil productivity which will in turn increase incomes and reduce poverty, the statement added.