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NABARD-NaBFID MoU to Boost Rural Infrastructure Finance

29 August 20261 min read
ECONOMYNABARD-NaBFIDMoU to Boost RuralInfrastructureFinance29 August 2026safalsetu.com

Why in the news

Two development financiers, NABARD and the National Bank for Financing Infrastructure and Development, joined hands through an MoU for rural infrastructure funding.

Key facts

  • Partners: NABARD and NaBFID.
  • Scope: rural infrastructure and PPP projects.
  • Nature of funds: long-term, competitively priced.
  • Goals: more long-term finance, support for commercially viable projects, better connectivity and market access, higher rural incomes.

Focus areas

  • Water and sanitation.
  • Irrigation.
  • Post-harvest storage and cold-chain infrastructure.
  • Terminal markets.
  • Rural roads and bridges.
  • Warehousing.
  • Compressed biogas projects.
NaBFIDDetail
Established2021, under the NaBFID Act, 2021
HeadquartersMumbai, Maharashtra
RoleIndia’s Development Finance Institution for infrastructure financing
Managing DirectorRajkiran Rai G

Exam angle

  • Full form: NaBFID is National Bank for Financing Infrastructure and Development.
  • HQ of NaBFID: Mumbai.
  • Managing Director named in the news: Rajkiran Rai G.

Test yourself

1. Which institution signed an MoU with NABARD to enhance rural infrastructure financing?

NABARD and NaBFID signed the MoU.

2. Where is the headquarters of NaBFID?

NaBFID is headquartered in Mumbai, Maharashtra.

3. NaBFID was established in which year under the NaBFID Act?

It was established in 2021 under the NaBFID Act, 2021.