NABARD and SBI Ink MoU to Promote Sustainable Development in Rural Assam.

Banking & Finance

In March 2025, the National Bank for Agriculture and Rural Development (NABARD), headquartered in Mumbai, Maharashtra, and the State Bank of India (SBI), also based in Mumbai, signed a Memorandum of Understanding (MoU) to boost rural development in Assam.


      - The collaboration aims to enhance rural livelihoods and strengthen the credit ecosystem through targeted financial support.

      - The partnership between NABARD and SBI is designed to promote economic growth in rural areas by improving access to credit and supporting livelihood initiatives.

      - Under this collaboration, NABARD and SBI have set a financing target of Rs. 500 crores for the Financial Year 2025-26 (FY26), with plans to increase it to Rs. 1,000 crores annually in the future.

Main Point :-   (i) The initiative will focus on providing financial assistance to the agricultural and rural sectors, ensuring better access to credit, infrastructure, and sustainable livelihood opportunities.

      (ii) This partnership is expected to play a crucial role in empowering rural Assam and fostering long-term economic growth.

(iii) NABARD also signed an MoU with Digital Bharat Nidhi (DBN), under the Department of Telecommunications (DoT), Ministry of Communications (MoC), for Digital Rural Empowerment across the country.
About SBI

Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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