综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

MANILA - The Asian Development Bank said it is lending one billion dollars, its biggest ever regular loan, to India to improve credit facilities for its hard-up farmers.

The Asian Development Bank said it is lending one billion dollars, its biggest ever regular loan, to India to improve credit facilities for its hard-up farmers. [AFP]

The program loan aims to reform India's cooperative credit structure, the Manila-based ADB said in a statement.

Set up 102 years ago, the cooperative structure has evolved into one of the largest rural finance systems in the world.

However, it now suffers from poor governance, weak portfolio management and recurring losses, the ADB said.

"The weaknesses of the cooperative credit structure have immense adverse economic, social and political impacts on the rural sector," said Kunio Senga, director-general of the bank's South Asia department.

"Its reform is critical to rural transformation because it has an all-India membership base of 135 million and has links to the broader cooperative movement comprising processing, marketing, input distribution, dairy and weaving," he added.

The agriculture sector, upon which two-thirds of India's people depend, is on a long-term declining growth trend, the bank said.

The loan matures in 15 years including a three-year grace and commercial interest rates will be charged.