Sector | agriculture & food security, natural resources, water resources/irrigation |
Funding Agency | The World Bank |
Province | Bagmati, Gandaki, Koshi, Lumbini, Madhesh, Sudurpaschim |
Project Started Date | February 2023 |
Project Status | On-going |
Clients | Ministry of Agriculture and Livestock Development (MOALD), Rural Enterprise and Economic Development (REED) Project |
The Government of Nepal with assistance of a USD 80 million credit from the World Bank is implementing the Rural Enterprise and Economic Development (REED) Project under the Ministry of Agriculture and Livestock Development (MOALD). The project development objective is to strengthen rural market linkages and the entrepreneurship ecosystem; and create job opportunities as the recovery actions from COVID-19; The project will support at least 900 productive partnerships under component 1, institutional capacity development for more than 86 Provincial and Local Governments for improved delivery of key services in the agriculture sector, and more than 100 SMEs and agritech startups under component 2. Under component 3, the project will build and maintain more than 150 infrastructures as municipal agriculture and livestock service center, value chain infrastructures and regional markets