NABARD and NaBFID Sign MoU to Scale Up Financing for Rural Infrastructure

27 August 2026National

The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) signed a Memorandum of Understanding in Mumbai on 26 August 2026 to jointly finance infrastructure with rural linkages. The pact covers irrigation, water and sanitation, post-harvest storage, cold chains, terminal markets, rural roads, bridges, warehousing and compressed biogas, including public-private partnership projects and agricultural value chains. The two institutions will co-operate on project identification, appraisal, credit structuring, debt syndication, joint monitoring and capacity building - deepening the rural infrastructure financing push seen in recent BharatNet and PMMSY cluster agreements.

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NABARD was established on 12 July 1982 on the recommendation of the Sivaraman Committee and is headquartered in Mumbai | NaBFID was set up in 2021 under the NaBFID Act, 2021 as a development financial institution for infrastructure, and is headquartered in Mumbai | NABARD's current Chairman is Shaji K. V.

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