Latest news with #NABARD
The Hindu
4 hours ago
- Business
- The Hindu
NABARD to lend ₹10,000 cr in FY26 for green projects
The National Bank for Agriculture and Rural Development (NABARD) plans to lend about ₹10,000 crore this year as part of its Green Lending Facility. Deputy Managing Director Ajay Kumar Sood said NABARD launched the facility in FY25 to fund projects of Central and State governments, government agencies and private entities aimed at meeting sustainable development goals. The minimum loan amount disbursed would be ₹100 crore and these are for projects such as ethanol plants and electric vehicles. The demand of funds for green projects is high, he said.
The Hindu
4 hours ago
- Business
- The Hindu
NABARD organises exhibition in Coimbatore of products made by startups and FPOs
Clay dolls, wooden toys, health oils, eco-friendly paints, Ooty chocolates, moringa soup powder, millet-based foods, and natural honey are among the products on display at Kurinji mela, a three-day fair organised in Coimbatore city by the National Bank for Agriculture and Rural Development (NABARD) Madurai Agri Business Incubation Forum (MABIF). The Grameen Bharat Mahotsav at the CODISSIA Trade Fair Complex that will be on till June 22 has 120 stalls with products made by farmer producer organisations, items with GI tags, and innovations by startups in Tamil Nadu. The NABARD MABIF also launched a mobile application (FarmDstore) that will have products made by the FPOs, startups and GI clusters. It will soon open in Madurai a 4,000 Product Promotion Centre to directly market these products. At the inaugural of the fair, the NABARD gave ₹20 lakh to help nine more products apply for Geographical Identification (GI) and unveiled a ₹40 lakh- Geographical Identification Facilitation Centre that will start functioning in Madurai shortly. The NABARD helps clusters with guidance and support to submit proposals for GI tags and brand and market the products with GI tags.
United News of India
14 hours ago
- Business
- United News of India
K-Space Park aims to maximise industrial potential of space sector
Thiruvananthapuram, June 20 (UNI) The K-Space Park, to be set up in the Technocity campus, aims to maximise the industrial potential of the space sector, promote the manufacturing of essential industrial components and encourage entrepreneurship. Laying the foundation stone for the Common Facility and R&D Centres of the Kerala Space Park is a major step towards building a robust ecosystem for space research and industry in Kerala, sources said. Spanning 3.5 acres, a 2 lakh square feet facility is being constructed with an investment of Rs 244 crore, in collaboration with NABARD. The project is tailored to support new entrepreneurs and the younger startup generation. It will offer opportunities for entrepreneurship and skill development to ITI and diploma students. The state will leverage the maximum potential in areas such as navigation, urban design, and mapping. A total of four science parks with an investment of Rs 1000 crore are being launched in Kerala, with the first phase of the Digital Science Park already completed. Additionally, an Advanced Space Initiative with a budget of Rs 250 crore is being planned. Since the establishment of India's first rocket launching station at Thumba in 1962, Thiruvananthapuram has emerged as a significant hub in the Indian space sector. The city is home to renowned institutions such as VSSC, LPSC, IIST, and BrahMos Aerospace. Many of the country's key space and defence operations are based in Thiruvananthapuram. UNI DS ARN
Time of India
2 days ago
- Business
- Time of India
Net zero needs green corridors, local tech, and R&D push, says top govt and industry leaders
New Delhi: India must scale up its nuclear energy capacity to 100 GW by 2047 to stay on track with its net zero targets, former power secretary Alok Kumar said at the ET India Net Zero Forum 2025. He flagged a mismatch between solar power generation and evening demand as a major challenge in aligning the country's energy transition pathway. 'India's big challenge is aligning our demand with our resources — we're headed for a solar-led future, but we generate power during the day and consume it in the evening. That's the gap we need to bridge,' said Kumar. He added that achieving 100 GW of nuclear capacity by 2047 and 250 GW by 2070 would help India stay on track, else the country may need to fall back on carbon capture and green ammonia to run coal plants in a limited way. NHPC Chairman and Managing Director Raj Kumar Chaudhary said that while renewable energy capacity of 500 GW by 2030 is achievable, unpredictability of generation from solar and wind power poses a risk to grid stability. 'Unpredictability of energy generation via wind, solar energy is a challenge and requires ensuring grid stability as well as generation of more energy from hydrogen and biomass sources,' he said. Chaudhary added that green energy corridors are being developed to transmit solar power from high-potential zones like Ladakh to demand centres. 'The government is building green energy corridors. To enable this, 50 GW of renewable bids are planned each year till 2028,' he said. NHPC currently has 8,193 MW of green capacity in operation, 9,843 MW under construction and 9,030 MW in survey stage. The pipeline includes pumped storage projects in Andhra Pradesh, Maharashtra, Gujarat and other states. He also highlighted India's plans to develop hydro projects in Nepal and Bhutan. Referring to concerns around environmental impact , Chaudhary said hydropower development contributes to vegetation growth. 'Hydro projects are often seen as reducing forest cover, but they actually help increase it. We undertake large-scale afforestation, often doubling the area used,' he said. UN Resident Coordinator in India Shombi Sharp said global deforestation continues at a pace of 10 million hectares a year. 'If this continues, by 2030 we'll need two Earths to meet our consumption needs,' he said. He noted that India, with one-sixth of humanity, has emerged as a key force in climate action , and is now the third-largest electricity generator globally. NABARD Chairman Shaji KV said India's rural population remains vulnerable to climate change. 'India's rural population, which consumes one-fifth of energy produced, is vulnerable to climate change which is impacting production from gross crop area,' he said. He said farm productivity in India lags 30 per cent behind the global average and that concessional finance and non-market-based solutions are required. 'We can't burden low-income farmers with the cost of net zero—solutions must be concessional, not just market-based,' Shaji said. He added that with 75 per cent of India's infrastructure yet to be built, it is critical that future development is climate-resilient. Godrej Industries Managing Director Nadir Godrej said employee involvement helped the group cut costs while meeting sustainability targets. 'We've made strong progress on Scope 1 and 2 emissions. Scope 3 is a challenge, but with supplier collaboration, we're confident of tackling that too,' he said.
Time of India
3 days ago
- Business
- Time of India
NABARD urges bankers to move towards value chain financing, market-linked interventions
Synopsis Ajay Kumar Sood of NABARD encouraged bankers to adopt value chain financing. He emphasized moving past traditional lending methods. Cooperative Banks will now lend to LAMPS and PACS for farmers. Sood marked the International Year of Cooperatives - 2025. He inaugurated JIVA Natural Farming Projects. He visited FPOs and Tribal Development Projects.
