Latest news with #NationalBankforAgricultureandRuralDevelopment
The Hindu
4 days ago
- General
- The Hindu
Native trees to bring back green cover on 50 hectares of forest
The Forest Department will plant a total of 30,000 saplings of native trees in forest patches of Madukkarai forest range where invasive plant species were removed before the onset of the southwest monsoon. The afforestation efforts are taken up in the sandwich forest area that lies between railway lines 'A' and 'B' between Ettimadai and Walayar stations, falling under Solakkarai reserve forest of Madukkarai range. Forest Range Officer R. Arun Kumar said invasive plants, mainly Lantana camara, were removed from 50 hectares between 'A' and 'B' lines. The total forest area between the two railway lines is about 300 hectares. He said that the alien species were removed using the funds allocated by the Forest Department for the removal of the invasive species. The afforestation drive is being conducted under the Restoration of Degraded Forests Landscape Project with financial assistance from the National Bank for Agriculture and Rural Development (NABARD). He said that saplings of native tree species that are commonly seen in the region will be planted on 50 hectares. Saplings for the greening drive were raised in a nursery of the forest range.
The Hindu
20-06-2025
- 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
20-06-2025
- 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.
