Source: ET
Context: NABARD and the National Bank for Financing Infrastructure and Development (NaBFID) signed an MoU to enhance financing support for rural infrastructure and Public-Private Partnership (PPP) projects, by providing long-term and competitively priced finance.
The Objective
- Enhance availability of long-term finance for rural infrastructure and allied value chains
- Support commercially viable projects
- Improve connectivity and market access
- Boost rural incomes
Focus Areas
- Water and sanitation
- Irrigation
- Post-harvest storage and cold-chain infrastructure
- Terminal markets
- Rural roads and bridges
- Warehousing
- Compressed biogas projects
About NaBFID
| Detail | |
|---|---|
| Established | 2021, under the NaBFID Act, 2021 |
| Headquarters | Mumbai, Maharashtra |
| Status | India’s Development Finance Institution (DFI) for infrastructure financing |
| Managing Director | Rajkiran Rai G |
