‘For mid-income level, education crucial for India’: Asian Development Bank chief economist Albert Park
 

Krishikalpa, Nabard join hands to launch accelerator program for FPOs
Bengaluru: Krishikalpa, a not-for-profit organisation for farmer producer organisations (FPOs) has launched an accelerator program in collaboration with National Bank for Agriculture and Rural Development (Nabarad) with an aim to support 30 FPOs distributed across Karnataka. The initiative aims to facilitate the transformation of FPOs into sustainable rural enterprises. This will be achieved by delivering training sessions focusing on market orientation, business development, and entrepreneurial leadership skills. Additionally, the initiative seeks to establish connections between FPOs and agricultural technology start-ups, processors, and conscientious buyers.

India urges ADB not to overlook its focus on growth and shared prosperity

ADB open to funding space sector in India: VP Bhargav Dasgupta

India needs to expand universal health coverage for rapidly ageing population, maintain growth: ADB report

Nabard, RBIH link up to ease agri loan access
Mumbai: The National Bank for Agriculture and Rural Development (Nabard) has said it will integrate its e-KCC (electronic Kisan Credit Card) loan origination system portal with the Reserve Bank Innovation Hub’s (RBIH) public tech platform for frictionless credit (PTPFC).

Multilateral Development Banks reform: Taking stock & looking ahead

Dynacons secures contract worth Rs 233 crore from NABARD for core banking solution upgradation & migration on ASP Model
Dynacons Systems & Solutions Limited, a technology solutions provider, on Tuesday announced that it has secured a significant contract worth Rs 233 crore from the National Bank for Agriculture and Rural Development (NABARD). The contract, it added, encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states. 

Nabard clarifies it does not extend loan directly to farmers

Asian Development Bank raises India’s GDP growth forecast to 7% for FY25
The Asian Development Bank (ADB) on Thursday raised India’s GDP growth forecast for the current fiscal to 7 per cent from 6.7 per cent earlier, saying the robust growth will be driven by public and private sector investment demand and gradual improvement in consumer demand.

India reaches out to multilateral development banks to draw road map for becoming developed nation by 2047

Nabard projects Rs 2,43,093 crore credit potential for Bihar in 2024-25
The likely estimate has been made taking into account the Reserve Bank of India's priority sector-based guidelines, Central and state government policies and policies for sustainable agriculture and rural development.

Pvt investments rise in India very visible, says ADB

NABARD to launch ₹1000-crore blended fund for agri-startups: chairman Shaji KV
New Delhi: The National Bank for Agriculture and Rural Development (NABARD) will launch a ₹1,000-crore fund to bolster technology-driven agri-startups and rural enterprises, said chairman Shaji K.V. on Monday.

SIDBI plans to raise Rs 5,000 crore via rights issue next financial year
Small Industries Development Bank of India (SIDBI) on Tuesday said it plans to raise Rs 5,000 crore from rights issue next financial year to fund business growth. The refinancing entity for SME finance is witnessing a strong credit growth and to further grow the business, capital would be required, he said.

Sidbi gets $24.5 million from Green Climate Fund for its Avaana Sustainability Fund

Fund of Funds commits Rs 9,500 crore for startups: SIDBI
 

NABARD estimates Rs 3.62 lakh cr priority sector credit potential for FY25

NaBFID to sanction Rs 3 lakh crore by March 2026 to support infra development

We have given about 2 lakh loans of 1 lakh ticket sizes to women borrowers, says SIDBI CMD Sivasubramanian Ramann
“About 2 lakh loans of 1 lakh ticket sizes have been given out and 75 per cent of these are women borrowers, said Sivasubramanian Ramann, CMD, SIDBI, while speaking on the first day of the IVCA Conclave 2024 in Mumbai. “I can sense that from the JLG/SHG, there is a gradual movement away from group loans and into individual loans,” he said. 

SIDBI looking to exit its ARC business, once again
Mumbai: Small Industries Development Bank of India (SIDBI) is actively looking at a second attempt to exit from its subsidiary India SME Asset Reconstruction Company (ISARC). In an interview with Mint, SIDBI Chairman S Ramann said the ARC had earlier sent a proposal to the central bank which was declined as the buyer failed to meet the increased provision of higher networth.

Sidbi to revamp India Microfinance Equity Fund

SIDBI's outstanding to MFI sector to touch Rs 10,000 crore this fiscal: Official

NABARD report puts Gujarat's credit potential at Rs 3.53 lakh crore for 2024-25

Digital banking platform Freo raises debt funding from Sidbi

HUDCO looks to increase its exposure to infra projects
Housing and Urban Development Corporation (HUDCO) is increasingly seeing itself as the financier of urban infrastructure projects and not restricted to just the housing segment. Over the years the share of infrastructure projects in its loan book has been increasing while that of the housing segment has been shrinking.

HUDCO, Maharashtra govt in talks for projects’ funding worth over Rs 30,000 crore

ADB appoints Mio Oka as country director for India

Status Change: Hudco may soon become infrastructure finance company

Nabard pegs priority sector credit potential for Telangana at ₹2.80 lakh crore
Hyderabad: The National Bank for Agriculture and Rural Development (Nabard) has pegged a credit potential of ₹2.80 lakh crore for the priority sector for the financial year 2024-25, showing a whopping growth of 51 per cent over the last year’s projections. This includes a credit potential of ₹1.33 lakh crore for agriculture.  “There is a potential for ₹81,478 crore for crop loans and agri term credit potential of ₹52,109 crore for allied sector. The credit potential for the micro-small and medium enterprises is pegged at ₹1.29 lakh crore,” Suseela Chintala, Chief General Manager (Telangana) of Nabard said.