Agricultural Credit Set to Reach New Heights

With the agricultural and rural sectors experiencing significant growth, the National Bank for Agriculture and Rural Development (Nabard) predicts that agricultural credit will surpass Rs 32 lakh crore in the current fiscal year (FY26). This marks a 14% increase from the previous year's figures, where credit to the agriculture sector exceeded Rs 28 lakh crore.

Focus on Productivity and Value Chain Financing

Shaji K V, chairman of Nabard, highlighted the importance of productivity enhancement and agri value chain financing in boosting farmers' per capita income. "We are initiating pilots on agri value chain financing, ensuring funds are traced through digitized means to prevent leaks and stress," he stated.

Nabventures to Launch Second Fund

Nabventures, a subsidiary of Nabard, is preparing to launch its second fund, focusing on rural development and climate resilience. The fund aims to support early-stage to Series B startups, with a particular emphasis on innovations in climate resilience.

Shaji mentioned, "With internal and external approvals secured, the launch is imminent. This fund expands our focus to include climate resilience, supporting necessary innovations in the sector."