CREDIT-ANDHRA PRADES

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The Andhra Pradesh Agricultural Credit Project will finance an investment program in minor irrigation, land levelling and farm mechanization in the State of Andhra Pradesh. It will be part of a continuing program of support by the Association to the Government of India and to the State Governments to further their policies to expand credit facilities to farmers and thus to assist them in taking advantage of modern methods of cultivation through necessary on-farm investments. It will increase minor irrigation facilities in the State by the installation of some 1,350 tubewells and 14,000 dugwells, and by the improvement of some 5,000 existing dugwells. In addition almost 20,000 pump sets will be financed for installation in existing wells or wells to be developed under the project. The purchase of some 1,500 tractors with some implement components will also be financed. In addition to the lending program there is provision for consultancy services to a State Ground Water Directorate to be established and for a study of the procedures of one of the lending institutions - the LMB.