Rural Enterprise Acceleration Project (REAP)

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Rural Enterprise Acceleration Project

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.

Status: Ongoing
Country
India
Approval Date
30 December 2021
Duration
2021 - 2028
Sector
Credit and Financial Services
Total Project Cost
US$ 378.05 million
IFAD Financing
US$ 105 million
Co-financiers (Domestic)
Domestic Financing Institutions US$ 186.71 million
Local Government US$ 24.3 million
Other Local US$ 47.93 million
Beneficiaries US$ 14.11 million
Financing terms
Ordinary
Project ID
2000003737
Project Contact
Han Ulac Mr Demirag

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Environmental and social impact assessment

Final environmental and social management framework

Interim (mid-term) review report

Resettlement action framework

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Audit and Financial Statements

Project completion report

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