Nabard Set to Raise .₹ 50,000 crore in FY17
Agri and rural lender Nabard is set to raise .₹ 50,000 crore from the markets in FY17, about 31% higher than what it raised in the previous years. The institution mandated to focus on agriculture and rural development will focus on irrigation besides providing inputs to the government on increasing financial inclusion in the economy. Announcing its annual financial performance for FY’16, Nabard chairman Harsh Kumar Bhanwala said that the agri lender would be focusing on irrigation this year. “Our focus area is going to be irrigation. We are closely interacting with the government of India ” said Bhanwala.