NABARD, NaBFID Sign MoU to Fund Rural Infrastructure Projects

NEW DELHI: The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) have signed an MoU to strengthen cooperation in financing infrastructure projects with significant rural impact.

The pact provides a framework for joint financing, knowledge sharing and innovative financing solutions to expand access to long-term, competitively priced funds for rural infrastructure and value-chain projects. Signed by NABARD Chairman Shaji Krishnan V and NaBFID Managing Director Rajkiran Rai G, the MoU will cover PPP projects, agri-value chains and infrastructure with strong rural linkages.