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Climate Strategy 2030 is structured around four key pillars – Accelerating Green Lending across sectors, Playing a broader Market-Making Role, Internal Green Transformation of NABARD, and Strategic Resource Mobilization.

In a significant stride towards sustainable development, NABARD unveiled its Climate Strategy 2030 document on the occasion of Earth Day. The document was released by Shaji K V, Chairman NABARD. This comprehensive strategy aims to address India’s escalating need for green financing.

Despite the pressing demand, where India requires approximately US$ 170 billion annually to reach a cumulative total of over US$ 2.5 trillion by 2030, current green finance inflows are critically insufficient. As of 2019-20, India garnered about US$ 49 billion in green financing, merely a fraction of what is needed. With the majority of funds earmarked for mitigation, only US$ 5 billion was allocated towards adaptation and resilience, reflecting the minimal private sector engagement in these areas due to challenges in bankability and commercial viability.

NABARD’s Climate Strategy 2030 is structured around four key pillars to address this demand: (i) Accelerating Green Lending across sectors, (ii) Playing a broader Market-Making Role (iii) Internal Green Transformation of NABARD, and (iv) Strategic Resource Mobilization.

This strategic initiative not only reinforces NABARD’s commitment to environmental stewardship but also positions it as a pivotal player in India’s transition towards a resilient and sustainable economy.

Climate Strategy 2030 is structured around four

Under the MoU, UNDP will leverage its expertise in open innovations, data collaboratives, data science approaches and global know-how to support NABARD’s agenda of embedding data-driven decision-making in agriculture investments.  

The United Nations Development Programme (UNDP) and the National Bank for Agriculture and Rural Development (NABARD) signed a Memorandum of Understanding (MoU) to co-create data-driven innovations in agriculture and food systems to support smallholder farmers. Under this MoU, both organisations will work to improve the lives and livelihoods of smallholder farmers by sharing open-source data for product development, transfer of technology and supporting the framing of agrarian policies.   

The MoU was signed by Chief General Manager of NABARD, Sanjeev Rohilla, and UNDP Deputy Resident Representative, Isabelle Tschan. Under the MoU, UNDP will leverage its expertise in open innovations, data collaboratives, data science approaches and global know-how to support NABARD’s agenda of embedding data-driven decision-making in agriculture investments.  

The partnership includes enhancing and disseminating collaborative digital public goods like DiCRA (Data in Climate Resilient Agriculture). DiCRA is a collaborative digital public good which provides open access to key geospatial datasets pertinent to climate-resilient agriculture. DiCRA, which is curated by UNDP and partner organisations to inform public investments in agriculture, already provides intelligence on climate resilience for 50 million hectares of farmland across India. By partnering to enhance and scale its use, NABARD will host and maintain the DiCRA platform and use its key geospatial datasets for policy making, research and development activities, with UNDP’s technical support.   

This five-year technical cooperation is envisaged to foster collective climate action and create innovative platforms and new product offerings to enhance economic empowerment in rural India. Speaking on the occasion, Shaji KV, Chairman of NABARD, said, “NABARD is extremely excited about this collaboration with UNDP. This opens a sea of opportunities for the two organizations to leverage data and present it as a digital public infrastructure for the vast rural Indian community of farmers. We are looking forward to deeper ties with UNDP as we progress, and this MoU is a step towards this direction.” 

Reaffirming UNDP’s commitment, Isabelle Tschan, Deputy Resident Representative said, “Agriculture is the largest source of livelihoods in India employing 80 per cent of rural women who are more vulnerable to climate change. DiCRA uses cutting-edge data science and machine learning to identify farms that are resilient to climate change and those that are highly vulnerable. Such open data innovations can highlight best practices, optimize agriculture investments and shelter populations from risk. The collaboration with NABARD will strengthen our support to build sustainable agricultural practices and secure livelihoods reducing the vulnerability of small farm holders, especially women.”

Under the MoU, UNDP will leverage its

Koraput Kalajeera rice known as the ‘prince of rice’ is an aromatic variety originating from the Koraput district of Odisha

A type of rice called Koraput Kalajeera Rice, grown by tribal farmers in Odisha, has been awarded a Geographical Indications (GI) tag due to its nutritional value and distinct aroma.

The Jaivik Sri Farmers Producer Company Limited at Pujariput applied for the GI registry in January 2022, with the support of the National Bank for Agriculture and Rural Development (NABARD) and the Odisha government’s Department of Agriculture and Farmers Empowerment.

Koraput district in Odisha is the origin of cultivated rice, and the farmers of the region have domesticated Kalajeera rice over generations, leading to the conservation of the crop. Known as the ‘Prince of Rice’, Koraput Kalajeera Rice is favoured by consumers for its black colour, good aroma, taste, and texture. It is grown in areas such as Tolla, Patraput, Pujariput, Baliguda, and Mohuli in Koraput district.

Rice has been shown to have several health benefits, such as improving memory, controlling diabetes, increasing haemoglobin levels, and boosting the body’s metabolism. Furthermore, it has antispasmodic, stomachic, carminative, antibacterial, astringent, and sedative properties. Separately, Nayagarh Kanteimundi Brinjal, a brinjal species grown in Nayagarh district, has also recently received the GI tag from the Centre.

Koraput Kalajeera rice known as the ‘prince

A portable, detachable, and mobile meat processing unit along with a compact, cost-effective, and eco-friendly

National Meat Research Institute (NMRI), Hyderabad has developed Swachh Meat Hub, a portable, detachable, and mobile meat processing unit along with a compact, cost-effective, and eco-friendly (C2E) composter named WOW (wealth out of waste) hut.

The facility was inaugurated by Suseela Chintala, Chief General Manager, NABARD, Telangana RO, Hyderabad in the presence of Dr S. B. Barbuddhe, Director, ICAR – NMRI, Hyderabad.

Chintala urged for large-scale popularisation of the technologies Pan-India.

Dr Barbuddhe presented an overview of the livestock sector and its role in nutritional security. He also briefed the activities undertaken at the institute.

Fifteen participants from 6 states were given hands-on training in the area of hygienic meat production and value addition.

The activities were undertaken through a NABARD-sponsored project on Wholesome meat production and value addition for small and medium-scale entrepreneurship development.

A portable, detachable, and mobile meat processing

She also called for protecting the returns of farmers, who are already growing millet

Nirmala Sitharaman, Finance Minister directed National Bank for Agriculture and Rural Development (Nabard) to sensitise farmers to shift towards more remunerative but less water-guzzling crops, especially millets, pulses and oilseeds.

With the production and marketing of Shree Anna being a national priority in the International Year of Millets 2023, Sitharaman told Nabard to encourage farmers to enhance the area covered under millets.

She also called for protecting the returns of farmers, who are already growing millets.

At a review meeting of Nabard, the FM also advised the institution to work towards ensuring efficiency and outcomes at the ground level with improvement in rural income as the top priority, as mentioned in Nabard’s statement.

Sitharaman said that improving the digital capabilities of rural financial institutions, including regional rural banks (RRBs), be facilitated on a priority basis for augmenting financial inclusion.

“NABARD should take steps to augment rural credit by correcting regional imbalances for better productivity in rural areas, including in the non-farm sector,” she added.

She told Nabard to work towards rural income generation as a top priority.

The FM also chaired another meeting of the consultative committee attached to the finance ministry on ‘Financial Inclusion: Progress and prospects’, in Delhi.

There, Sitharaman suggested identifying credit-deficient districts in each state and carrying out special credit outreach camps in those districts.

She also called for protecting the returns

The fresh infusion of capital will enable Satyukt Analytics to expand its satellite network, enhance its analytics infrastructure, and further refine its algorithms.

 Satyukt Analytics Private Limited, a Bengaluru-based agri analytics startup that uses satellite technology and machine learning to provide SaaS based advisory services in a direct to farmer manner through sat2farm mobile app to farmers, including small and marginal farmers, is ecstatic to announce a successful pre-Series A funding round led by NABVENTURES. This funding enables Satyukt to accelerate the growth of sat2farm app that empowers farmers with data-driven insights, sat2credit app that helps BFSI players to evaluate a farm’s creditworthiness and credit risk and introduce new products such as sat4agri for agri input companies and sat4risk for agri insurers.

Satyukt has a proprietary technology that can measure farm soil nutrients content within minutes enabling stakeholders to assess soil quality on their mobile devices without having to visit the farm. Assessing creditworthiness in the agricultural sector has historically been difficult due to limited access to reliable data and remote locations. Sat2credit is a revolutionary tool for BFSI industry as it provides in-depth farm-level analysis and insights enabling banks and financial institutions to make customised digital lending decisions. Using Sat2credit, the lenders can assess the creditworthiness, determine the credit scores of potential borrowers, structure loans more effectively, expedite the lending process for farmers, and tailor loan offerings to meet their specific needs. Sat2Credit’s exhaustive analysis offers vital insights into producers’ financial health, productivity, and risk profile.

NABARD Chairman, Shaji K. V. mentioned, “Satyukt is a unique agritech startup harnessing the power of satellite data and remote sensing for the benefit of farmers. The potential is immense for Satyukt and it is a good candidate for inclusion in the AgriStack platform announced by the Central Government”.

“We are thrilled to continue our partnership with NABVENTURES on our journey to revolutionise the agriculture industry. We have put the power of advanced data analytics and remote sensing at the fingertips of our app users. Dr Sat Kumar, CEO of Satyukt, commented, “By leveraging these cutting-edge technologies, we enable agriculture stakeholders to access and utilise accurate, real-time data that can drive their decision-making processes and positively impact their operations.”

NABVENTURES Fund in which NABARD is an anchor investor, is the leading agri, food and rural tech VC fund in India with investments in Jai Kisan, Unnati, Vilcart etc. Mr. Rajesh Ranjan, CEO of NABVENTURES, remarked, “Satyukt Analytics is the only startup in India to measure nutrients in soil using satellite data. It is the only satellite data analytics startup, which works directly with farmers through its sat2farm app using a b2c approach while all other players have chosen the b2b2c route. Satyukt is a global SaaS in the making and has the best satellite data analytics and remote sensing team with advanced AI/ML capabilities. Satyukt’s sat2credit platform is a great product for inclusion in loan management systems (LMS) of digital lenders and fintechs”.

Dr. Yukti Gill, Managing Director of Satyukt, stated, “Satyukt Analytics is committed to being at the forefront of innovation, continually exploring new methods to improve the accessibility and usability of farm-scale data for the benefit of farmers and the agricultural sector as a whole”.

Equity 360’s Sumeet Seraf has advised and supported this transaction, stated, “Satyukt Analytics has gained significant traction since its inception, building a reputation for its accurate and timely analytics solutions. The company’s technology holds the potential to revolutionize agriculture by optimizing resource allocation, enabling precise irrigation and fertilization, and mitigating the impact of climate change on crop production.”

The fresh infusion of capital will enable

The project will also focus on water management for crops and human use through soil and moisture conservation measures

Ambuja Foundation has partnered with NABARD to implement the Bari Watershed Development Project in the Ropar district of Punjab. With the success of a pilot capacity-building program in 2020, the partnership continued with a watershed initiative.

Bari in Ropar faces water scarcity being a sub-mountain region that receives about 80 per cent of total rainfall. Other problems include climatic conditions, soil erosion, and land degradation resulting in low income from agriculture and animal husbandry. Under this project, as the implementation partner, Ambuja Foundation will focus on soil conservation and improving soil quality, water management, conserving biodiversity, climate proofing activities, women empowerment, and livelihood along with capacity building in the area.

The project will also focus on water management for crops and human use through soil and moisture conservation measures. With its integrated approach, the Ambuja team will support in building staggered contour trenches, farm ponds, percolation tanks, waste weir, check dams, gabion structures, and gully plug along with driving plantation drives and recharging pits.

Under climate-proofing activities, the foundation will target 85 households and encourage them to install sprinkler and drip irrigation systems, consider crop diversification, kitchen gardening, and fruit cultivation to increase income, manage crop residue, and set up light traps. Ambuja Foundation will also organize training sessions for women to learn better dairy farming practices and livestock rearing to create alternate income.

The project will also focus on water

 Projects supported by NABARD include agro & skill-based livelihood, women empowerment, water resource management and education.

Ambuja Cements, the cement and building material company of Adani Cement and part of Adani Group, has promoted Farmer Producer Organization (FPO) from Bhatinda, Punjab was felicitated with the ‘Best FPO Award’ and Guru Tegh Bahadur Self-Help Group (SHG) was felicitated with the ‘Best SHG Award’ by NABARD during the State Credit Seminar 2023-24 held in Chandigarh.

Through the Company’s CSR interventions, the farmers are encouraged to form FPOs and market their produce collectively which helps them to avoid intermediaries and earn more profit. The Company extensively invests in training farmers on the latest technologies, environment-friendly methods and providing farming equipment & machines. The success of these initiatives has helped many FPOs to operate as registered businesses to market their products.

Furthermore, the Company encourages women to join Self-Help Groups (SHG) enabling them to support themselves and their families. The Guru Tegh Bahadur SHG is crafting and selling traditional handicrafts in local markets and exhibitions. The Company also offers training in business plans, regular recovery and record keeping to supports groups willing to start their own business.

 Ajay Kapur, CEO, Cement Business, said, “It is a moment of pride to witness the growth of our community initiatives and such recognitions encourage us to form people’s institutions for the development and prosperity of the community. The SHGs and FPOs enable people to be responsible and self-determining and cater to our goal of society’s progress.”

The Company believes in forming people’s institutions and has enabled Women Federations, Water Users Associations, Village Health Functionaries, Watershed Development Committees and School Management Committees. Projects supported by NABARD include agro & skill-based livelihood, women empowerment, water resource management and education.

 Projects supported by NABARD include agro &

NABARD is providing all the support for pre-registration and post-registration to get GI tags for local products

Mushkbudji Rice, Sulai Honey, Bhaderwah Rajma and six other products from Jammu Kashmir and Ladakh will get GI Geographical Indications (GI) soon. National Bank for Agriculture and Rural Development (NABARD) Jammu has sanctioned a project for Geographical Indications registration of nine products from the region.

The products which have gained GI tag include Mushkbudji Rice, Sulai Honey, Basohli Paintings, Basholi Pashmina Woolen Products, Chikri Wood Craft, Bhaderwah Rajma, Anardana, Ladakh Wood Carving.

NABARD is providing all the support for pre-registration and post-registration to get GI tags for local products. The GI applications of all these products have been filed at the GI registry, Chennai. The process of registration is in the final stage of granting a GI Tag. The final GI Tag is thus expected soon.

GI tag is a kind of Intellectual Property right that identifies a product originating from a specific geographical location and having distinct nature, quality, and characteristics linked to that location.

NABARD is providing all the support for

Project to benefit Goan farmers, agriculture and landscape

P S Sreedharan Pillai, Governor of Goa, has launched a research project for Rejuvenation of Khazan lands (coastal saline soils) of Goa being implemented by ICAR-CCARI, Goa. The programme was organised by the Agriculture and Food Processing Committee of Goa Chamber of Commerce and Industry (GCCI).

In his address, the Governor congratulated the ICAR-CCARI team for initiating the project and NABARD for funding the project and also pointed out that if the project is successfully implemented in the Khazan lands, then a government policy can be made for using the Khazan lands by adopting models best suitable for the state of Goa.

After the launch of the project, Dr Parveen Kumar, Director, ICAR-CCARI briefed the Chief Guest about the benefits of the project to Goan farmers and Goan agriculture and landscape.

On this occasion, Governor also released a book “The Khazans of Goa” authored by Sandeep T Nadkarni, Ex-Chief Engineer, Water Resource Department, Goa.

Orlando Rodrigues, Chairman, Agriculture and Food Processing Committee, GCCI stressed upon the need for the implementation of the project to convert the Khazan lands of Goa into more productive lands with viable interventions and improve the livelihood of the Khazan land farmers.

Project to benefit Goan farmers, agriculture and

The United Nations General Assembly (UNGA) has declared 2023 as the International Year of Millets, with 72 countries supporting India’s proposal at the initiative of Prime Minister Narendra Modi. To commemorate this, the University of Agricultural Sciences, Raichur and NABARD recently held a two-day Millets Conclave in collaboration with the agriculture and allied departments.

Issues related to nutritious cereal production and value addition were discussed with the farmers, FPOs, entrepreneurs, Agri startups, investors, exporters, agricultural scientists, NABARD and lead banks and agricultural development departments.

On this occasion, the Union Finance Minister Nirmala Sitharaman announced several awards including three first prizes of one crore rupees each as an incentive to Agri Startups participating in the Millets Innovation Challenge, while Narendra Singh Tomar, the Union Minister of Agriculture and Farmers Welfare said, “The time has come to give Millets a respectable place in the plate of food not only in India but across the world. We have to bring forth the importance of nutritious grains to the world”.

Promotion of millets not only meets the food requirements, but will also give an opportunity to new startups to bring their products to the world. Which increases employment opportunities, especially women can engage themselves in work from millet production to processing. Today, India is the major producer of millets in the world, with Karnataka being a major contributor. Millet production is beneficial to the farmers. It requires very little water, and can be produced even on rocky land.

Under the Millet Innovation Challenge, the Finance Minister bestows Rs one crore each to Agri Startups for their distinctive contribution. Besides, awards of Rs 20 lakh are given to 15 Agri Startups and Rs 10 lakh each to 15 other Agri Startups. She also announced a fund of Rs 25 crore to the University of Agricultural Sciences, Raichur from NABARD for millet research.

The United Nations General Assembly (UNGA) has

Kumar said applications for the same will soon be filed by the producers with the GI Registry for these products

The National Bank for Agriculture and Rural Development (NABARD) has initiated the process to facilitate manufacturers/producers’ association seeking Geographical Indication (GI) tag for Bhojpur’s Udwantnagar ‘Khurma’, Gaya’s ‘Tilkut’ and delicious ‘Balu Shahi’ of Sitamarhi district, an official said.

“We are assisting the producers’/manufacturers’ associations seeking GI tag for ‘Khurma’, ‘Tilkut’ and ‘Balu Shahi’, Chief General Manager, Nabard-Bihar, Sunil Kumar said.

Kumar said applications for the same will soon be filed by the producers with the GI Registry for these products.

Earlier three applications from Bihar have been recently filed with the Geographical Indications Registry (Chennai), seeking a GI tag for Hajipur’s famous ‘chiniya’ variety of banana, Nalanda’s popular ‘Bawan Buti’ sari tradition and Gaya’s ‘Pattharkatti Stone Craft’ with the support of NABARD.

“The applications seeking GI tag for Hajipur banana, Nalanda’s Bawan Buti sari tradition and Gaya’s stone craft have already been filed by associations of farmers, weavers and organisations associated with skilled stone craftsmen of the respective areas with the support of NABARD,” Kumar added.

The CGM further added, “NABARD-Bihar has identified six potential products of the region, including Khurma, Tilkut and Balu Shahi, to be registered under GI. Bihar is a state of taste, where one can find delicious food items. NABARD is playing an important role in the GI registration process and post GI initiative including marketing linkages, branding, promotion and recognised first organisation in the country, who has specific GI Policy and schemes.”

“Bhojpur’s Khurma is very much liked by foreigners. It is so juicy along with the sweetness from inside that the taste reaches the heart directly from the tongue. The same is the case with the famous Tilkut of Gaya. Tilkut is a unique treat made from sesame seeds and jaggery and is quite popular outside the country also. Balu shahi a delicate sweet of village Runni Saidpur in Sitamarhi is also very popular in the country. These products of Bihar must get GI tag,” said the CGM.

Recently, the Geographical Indications Registry (GIR) accepted the plea to rename Bihar Makhana as Mithila Makhana and also suggested further amendments in the brand logo to better reflect its origins apart from identifying and protecting the product’s GI rights. Other products of Bihar that have already got GI tag, include Katarni Rice, Jardalu Mango, Shahi Litchi, Magahi Paan and Silao Khaja.

Kumar said applications for the same will

The Saurashtra-Narmada Avataran Irrigation Yojana or SAUNI Yojana has been launched to divert one million acre-feet of flood waters from Narmada to the Saurashtra region

Under the Rural Infrastructure Development Fund (RIDF), the National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 3,245 crore for irrigation and rural drinking water supply projects in Gujarat for 2021-22.

“This is the highest allocation for loan assistance to projects in the state,” said a senior NABARD official. Compared to the Rs 2,989 crore sanctioned in 2020’21, the sanctioned amount under RIDF for 2021-22 was 8.5 per cent more.

The irrigation projects to receive sanction for 2021-22 are two packages of SAUNT Link 3 projects worth Rs 336 crore. The Saurashtra-Narmada Avataran Irrigation Yojana or SAUNI Yojana has been launched to divert one million acre-feet of flood waters from Narmada to the Saurashtra region.

The Link 3 of SAUNI will connect 28 reservoirs of Rajkot, Jamnagar, Devbhumi Dwarka, Porbandar, Morbi and Surendranagar with a 66-kilometre water project.

The other irrigation projects to receive sanction include a Rs 194-crore lift irrigation project in the tribal district of Dahod, Rs 273 crore Panam reservoir based lift irrigation scheme, Rs 114 crore Panam high-level canal-based lift irrigation scheme and Rs 231 crore Vaghrech recharge project. These irrigation projects will increase the irrigation facilities by 75,112 hectares.

The Saurashtra-Narmada Avataran Irrigation Yojana or SAUNI

Activities of a-IDEA in promoting the start-ups in the rural sector were underlined

The a-IDEA, TBI of ICAR-National Academy of Agricultural Research Management, Hyderabad recently organised the Demo Day under Agri Udaan 4.0.

Dr Ch Srinivasa Rao, Director, ICAR-NAARM, Hyderabad applauded the activities of the a-IDEA and highlighted the different policy papers published by the Academy for the benefits of FPOs, Entrepreneurs, etc.

Dr G Venkateshwarlu, Joint Director, ICAR-NAARM, Hyderabad underlined the activities of a-IDEA in promoting the start-ups in the rural sector and enhancing the competency of start-ups through effective technical & business mentoring.

S Somasundaram, DGM, NABARD, Mumbai, Maharashtra apprised about the support provided by the NABARD to a-IDEA in strengthening the start-ups through the accelerator programme and seed fund support.
A total of 10 start-ups and 25 investors from the different parts of the country participated in the programme.

Activities of a-IDEA in promoting the start-ups