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Final burden of farm loan waiver on farmers

Nabard plans to issue social bonds in the second half of the upcoming financial year, following the success of its first bond issued in 2023. Deputy Managing Director Goverdhan S. Rawat.

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News Affair 24

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10 months ago

The National Bank for Agriculture and Rural Development (Nabard) is considering issuing social bonds in the second half of the upcoming financial year, as stated by Deputy Managing Director Goverdhan S. Rawat. The decision comes after the successful issuance of their first social bond in September 2023, aimed at financing existing drinking water projects. Rawat emphasizes the importance of addressing environmental, social, and governance (ESG) goals through such initiatives. However, he highlights challenges in infrastructure development, particularly in eastern states, which affects the equitable flow of credit to agriculture. Despite these challenges, Nabard remains committed to leveraging social bonds to support impactful developmental activities.

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