India - Andhra Pradesh Agricultural Credit Project

RESTRICTED FILE COPY Report No. P-88 This report was prepared for use within -the Bank and its affiliated organizations, They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL DEVELOPMENT ASSOCIATION REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO INDIA FOR THE ANDHRA PRADESH AGRICULTURAL CREDIT PROJECT December 1, 1970  REPORT AND RECOMIENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO INDIA FOR THE ANDHFLA PRADESH AGRICULTURAL CI?EDIT PROJECT 1. I submit the following report and recommerndation on a pro- posed credit in an amount in various currencies equivalent to US$24.4 million to India. PART I - HISTORICAL 2. Since 1949 the Bank and the Association have made fourteen loans and credits totalling some US$213 million to finance agricultural projects in India including the Agricultural Aviation Project approved on October 5, 1970. 3. The proposed credit would assist in the financing of an investment program for minor irrigation, land levelling and mechaniz- ation in the State of Andhra Pradesh. It is the third agricultural credit project resulting from project preparation efforts which began with a reconnaissance mission under the IBRD/FAO Cooperative Program in November and December, 1968. An appraisal report is being prepared now for a fourth such project in the State of Tamil Nadu and a mission has just completed its field appraisal of a fifth in the State of Haryana. 4. This project was appraised in April, 1970 and negotiations for the proposed credit were completed on November 16, 1970. The Bor- rower was represented by Mr. G. V. Ramakrishna, Director, Department of Economic Affairs, Ministry of F;inance and Hr.