Rural Enterprise Acceleration Project - IFAD
Rural Enterprise Acceleration Project
India
Credit and Financial Services
30 December 2021
2021 - 2029
2000003737
India has made substantial progress in reducing poverty, resulting in 270 million fewer poor people. However, the country still has the world’s highest number of people living in poverty, a situation that has worsened due to the COVID-19 pandemic.
The Rural Enterprise Acceleration Project (REAP) aims to double the incomes of rural households and reduce distress migration from rural areas. This will be achieved by diversifying sources of income through intensified, cluster-based, climate-resilient production systems. Enterprises will be promoted and supportive ecosystems will be developed.
Additional Data
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Total Project Cost
US$ 378.05 million
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IFAD Financing
US$ 105 million
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Financing terms
Ordinary
Co-financiers (Domestic)
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Other Local
US$ 47.93 million
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Local Government
US$ 24.3 million
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Domestic Financing Institutions
US$ 186.71 million
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Beneficiaries
US$ 14.11 million
Project Contact
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Han Ulac Demirag
