National Bank for Agriculture and Rural Development (India)

Direct (National)

Type: Direct (National)
Date approved: 07 Jul 2015
Size: Large
ESS Category: Category B, Intermediation 2
Fiduciary standards: Basic, Project management, Grant award, On-lending/blending (Loan), On-lending/blending (Equity), On-lending/blending (Guarantee)

The National Bank for Agriculture and Rural Development (NABARD) is a national financial institution in India with a total balance sheet of over US$ 40 billion. It has the mandate of promoting sustainable agriculture and rural development through innovative, sustainable and equitable agriculture and rural prosperity by providing financial and technical support. It has built partnerships with other national entities, financial institutions and non-governmental organizations in order to implement innovative ideas through loans, guarantees, blended finance and other structures in the areas of agriculture, natural resources management, fisheries, rural livelihood improvement, renewable energy and micro finance among others. Almost one-third of its cumulative disbursements are related to climate change adaptation and mitigation activities. NABARD sought accreditation to the GCF in order to continue implementing its climate change adaptation and mitigation projects and programmes, which are well aligned with the results areas of the GCF, particularly food and water security, forestry and landscape management, enhancing livelihoods and ecosystem services. Leveraging its long-standing partnerships and experience, NABARD intends to undertake low-emissions and climate-resilient sustainable development that reduces the impacts of climate change.