Nabard’s Four Pillar Approach to Climate Change in Agriculture
- Accelerating Green Lending
- Incorporate climate-related activities into financial products.
- Partnering with rural financial institutions to build innovative financing products that are congruent with climate policy.
- Market-Making Through Data Access
- Climate Resilience by Data-Driven Solutions
- Increase awareness of climate-related products and players.
- Make sustainable agricultural practice adoption easier
- Internal Green Transformation
- Resource Mobilisation
- Using blended finance, carbon funds, and green bonds to support climate-resilient projects.
- Actively working with governments and multilateral agencies to establish a Carbon Fund for reducing emissions and sequestering carbon in agriculture.
- Major Initiatives and Partnerships
- Comprehensive Data Warehouse
- Objective:
- To legalize farmers, particularly tenant farmers, and enhance their access to credit and government schemes.
- Partnerships:
- Prepared with the collaboration of agencies such as UNDP.
- Data Integration:
- Crop data, farmers’ KYC, and land details would be integrated for informed decision-making and better financial services.
- Vision for Climate-Resilient Agriculture
- This multi-faceted approach underscores Nabard’s commitment to building a sustainable agricultural economy through the integration of green finance, data analytics, and global partnerships as a way to address the challenges of climate change.
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