NABARD and NaBFID have signed a Memorandum of Understanding (MoU) to strengthen collaboration in financing infrastructure projects with significant rural impact.
The agreement provides a framework for joint financing, knowledge sharing and development of innovative financing solutions, aimed at improving access to long-term and competitively priced funding for projects that support rural infrastructure and value chains.
The partnership will focus on Public-Private Partnership (PPP) projects, agri-value chains and infrastructure projects with strong rural linkages, according to a joint statement.
The MoU was signed by NABARD Chairman Shaji Krishnan V and NaBFID Managing Director Rajkiran Rai G, marking a step towards mobilising greater institutional financing for rural infrastructure development.