World Bank to provide $300 million out of total $402 million for Punjab’s agriculture transformation project

Punjab Agriculture

On July 1st, the Punjab government will launch the Punjab Resilient and Inclusive Agriculture Transformation (PRIAT) project.

According to official records, the World Bank will pay $300 million out of a total cost of $402 million, the provincial government will contribute $18 million, and farmers will pay the remaining $85 million.

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After a five-year implementation period, the project will be completed on June 30, 2027.

The primary goal of this PRIAT project is to improve the Efficiency of On-Farm Water Conveyance, promote Climate-Smart Production and Inclusive Market Access and improve incomes of farmers supported by the project.

Project Supervision, monitoring and evaluation, communication, capacity building, and research will also be implemented under this project that will be implemented throughout Punjab.

Punjab Resilient and Inclusive Agriculture Transformation will create a conducive environment for the most efficient and effective use of available water resources at the grassroots level, as well as improve support for agricultural production processing.

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The project aims to improve water conveyance efficiency by developing an on-farm irrigation conveyance network in canal and non-canal command areas.

It also aims to promote value agriculture and crop diversification by promoting high-value crops in order to increase farmer profitability and create on-farm green jobs for rural communities in order to improve their livelihoods and alleviate poverty.

Moreover, the World Bank will also provide $310 million for the Sindh Water and Agriculture Transformation (SWAT) project to increase Sindh’s agricultural water productivity in selected Farmer Organization command areas and establish an institutional framework for integrated water resources management.

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