Latest news with #NationalBankforAgricultureandRuralDevelopment
The Hindu
a day 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
a day 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.
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Business Standard
13-06-2025
- Business
- Business Standard
Nabard gets approval to raise ₹19.5K cr via deep-discount zero-coupon bonds
India's National Bank for Agriculture and Rural Development (Nabard) has obtained federal government approval to raise up to Rs 19,500 crore ($2.3 billion) through deep-discount bonds. Nabard can raise funds via these deep-discount zero-coupon bonds, which mature in 10 years, 11 months, and 13 days, until the end of March 2027, a government document showed on Friday. Deep-discount bonds are typically issued at a discount of over 20-25 per cent to their face value and do not pay regular interest, similar to zero-coupon notes. This feature eliminates reinvestment risks, as the bonds are redeemed at face value at maturity. Since March, this is the fifth time the government has approved a state-run firm to issue deep-discount debt, and is the largest amount approved so far. Earlier this month, state-run REC also received a government nod to issue these bonds. In March, Power Finance Corp was allowed to issue Rs 10,000 crore of such debt, followed by Housing and Urban Development Corp in April, and Indian Railway Finance Corp was given the go-ahead in May . All these firms must complete their fundraising by the end of March 2027. While the state-run firms have been rushing to seek approval for this rare corporate structure, these issues have not seen sufficient demand from investors. "Zero-Coupon Bonds have hit a rough patch lately, with the last issue was pulled back due to muted investor appetite and upward pressure on yield expectations. But this near-term hiccup doesn't alter the structural appeal of ZCBs particularly in a softening rate cycle," said Venkatakrishnan Srinivasan, founder and managing partner at debt advisory firm Rockfort Fincap. "If priced right by the investors in the primary market, ZCBs can be attractive, aiming to lock in duration without worrying about reinvestment risk. Plus, the deep discount structure offers potential tax efficiency under current capital gains norms, making them worth a closer look despite current bid-ask mismatches," Srinivasan added. Weak investor demand led to the withdrawal of two recent issues, including Power Finance Corp's planned deep-discount debt issue on June 9. The state-owned company received bids worth just Rs 14,700 crore ($171.91 million), against its target of Rs 2000 crore, which had a base issue size of Rs 500 crores.
Time of India
10-06-2025
- Business
- Time of India
Trout turn tides in Bageshwar's rural economy
Bageshwar: Farmers in Bageshwar district's remote hillside villages who were once reliant solely on traditional agriculture, have significantly improved their livelihoods through trout farming, marking a shift in the region's rural economy. As part of the state govt's push for commercial farming, a cluster-based trout cultivation initiative now spans 10 villages in Kapkot block, including Jagthana, Leeti, and Baghar. Currently, 15 local cooperative societies support over 165 individuals engaged in trout farming. The programme has become a steady source of income and an example of effective implementation of govt's initiatives. Jagthana village stands out for its performance, where residents like Chandar Danu credit trout farming for their improved standard of living. "Farming alone wasn't enough to sustain our family. Since we started trout farming, covering household expenses and our children's education has become easier. We no longer feel the need to migrate," he said. District fisheries officer Manoj Miyan noted that trout, which is valued both for its nutritional content and high market demand, sells for around Rs 450 per kg, offering farmers a stable annual income. Cultivation takes place in cold-water ponds. Since Oct 2024, farmers have supplied one quintal weekly to the Indo-Tibetan Border Police (ITBP), ensuring a consistent buyer and addressing earlier sales challenges. "This is not just a livelihood project. It's a rural economic revival," said Sher Singh of Baghar. "We never imagined we could earn this much while living in the mountains. Every morning now begins with hope by the fish ponds." Trout production in the district has grown from 30 to 40 quintals annually to around 60 quintals. The success of the initiative has drawn attention from the state govt. During a recent visit to the district, finance secretary Dilip Jawalkar praised the effort and announced a Rs 200 crore trout development plan, to be funded by National Bank for Agriculture and Rural Development (NABARD), which is expected to benefit Bageshwar significantly. Rainbow Trout, from the Salmonidae family, thrives in the cold Himalayan climate and is cultivated mainly in Jammu & Kashmir, Himachal Pradesh, Uttarakhand, and Sikkim. Its growing popularity as a protein-rich, low-fat food keeps its market price between Rs 400-600 per kg. The rise of trout farming in Bageshwar is not only strengthening the local economy but also generating youth employment, improving nutrition, and promoting sustainable rural development. What began as a modest livelihood programme has become a symbol of self-reliance in the hills.
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Business Standard
10-06-2025
- Business
- Business Standard
74% rural households expect income growth in 1 year: Nabard survey
Around 74 per cent rural households expect their incomes to increase in the next one year, according to a bi-monthly survey conducted by the National Bank for Agriculture and Rural Development (Nabard) in May 2025. The percentage recorded was 72 in March. This is the highest percentage of people who are expecting a jump in their incomes over the next one year since the start of the bi-monthly Rural Economic Conditions and Sentiments Survey (RECSS) of Nabard in September 2024. The survey has been conducted in 600 villages, covering 6,000 households (10 households from every sample village). In May this year, the fifth round of the survey was conducted. The outcome of the survey showed that not only the number of people expecting a rise in their incomes rose in rural India, but also those who were foreseeing a deterioration in their incomes dropped to 6.7 per cent from 7.3 in the first round of the survey. It had jumped to 7.8 per cent in November 2024. The rising optimism about income in rural India matches the overall positive sentiment that the rural sector has gained in the last few months. Forecast of 'above normal' southwest monsoon in 2025 that would boost farm growth and consumption demand in rural India has fuelled the positive change in the rural sector. A recent report by India Ratings said that real wages were expected to grow at a stable 6.5 per cent year-on-year (Y-o-Y) in 2025-26 (FY26) (from an upwardly estimated 7 per cent in FY25) due to a favourable monsoon-led agriculture growth. It, however, warned that the real wage growth could face downward pressures in case there were any adverse weather shock events or disruption in the spatial progression of the monsoon, and trade or geopolitical issues. Meanwhile, the Nabard report further said that near-term sentiment on income (for the July-September quarter) showed marginal improvement in May, with 53.8 per cent expecting better incomes, compared to 52.5 per cent in March 2025. The employment outlook for the next quarter mirrored a similar trajectory. In May this year, 53.5 per cent of households expected an improvement in employment conditions — the highest since September 2024 — while only 8 per cent foresaw deterioration, resulting in a net positive sentiment of 45.4, the Nabard survey showed. This marked a steady recovery in confidence after a slight dip in January 2025. In May, household incomes showed modest improvement, with 37.4 per cent of them reporting an increase in income over the past year, up from 34.8 per cent in March. Meanwhile, 21.4 per cent said their income had decreased, and 41.3 per cent answered in the negative. On the other hand, consumption patterns remained robust, with 79.1 per cent of households reporting increased spending. Despite a marginal dip from the March figure (79.9 per cent), the net response stayed strong at 74.6, reflecting continued confidence in household demand. In contrast, financial savings sentiment remained subdued. Only 18.8 per cent of households reported an increase in savings while 28.7 per cent saw a decline, resulting in a negative net response of 9.9 per cent. Although this marks a slight improvement from March (-11.9 per cent), savings sentiment has remained in the red for five consecutive rounds of the survey. On borrowings, the survey suggested steady credit demand, with 38.6 per cent of households reporting increased borrowing, and 16.8 per cent noting a decline. The net response held at 21.8 per cent, matching November levels, suggesting stable borrowing patterns against a mildly improving income backdrop. In May, among households that reported an increase in income over the past year, a majority (40.5 per cent) experienced a modest gain of 5-10 per cent while 21.9 per cent saw an increase of up to 5 per cent. Notably, 15.6 per cent of households reported income growth in the 10-15 per cent range, 12 per cent saw 15-20 per cent gains, and 10 per cent registered increases exceeding 20 per cent. The mean increase in income stood at 12.9 per cent, with the median remaining steady at 10 per cent, unchanged over the past five rounds.
