Mumbai, 19 December 2023: National Bank for Agriculture and Rural Development (NABARD) and Asian Development Bank (ADB), launched an initiative to facilitate local weather motion in India’s agriculture, pure sources, and rural improvement (ANR) sector. Under this initiative, a Technical Support Unit (TSU) has been arrange in NABARD with the partnership of Bill and Melinda Gates Foundation (BMGF) to allow NABARD to handle the challenges posed by local weather change, significantly in the areas of agriculture and rural livelihood sectors in India.
At the launch occasion, Shri Shaji Okay V, Chairman of NABARD, highlighted the significance of enhancing local weather resilience since near 55% of belongings in the Indian Banking sector is liable to local weather dangers. He additionally talked about, that “NABARD is dedicated to not simply assist rural monetary establishments in India to determine and abate local weather dangers but in addition channel world swimming pools of local weather capital into India’s ANR sector. At the identical time, NABARD can be focussed on establishing a path to local weather neutrality in its personal operations.” Mio Oka, Director, Agriculture, Food, Nature, and Rural Development Sector Office, ADB and Srivalli Krishnan, Senior Program Officer, BMGF had been additionally current in the course of the launch occasion.
Intellecap Advisory Services Private Limited has been appointed to handle this Technical Support Unit. Intellecap has confirmed expertise in on-ground administration of large-scale packages in agriculture and different agri-allied sectors, with a local weather adaptation in addition to mitigation focus. NABARD wish to use this chance to name all of the ecosystem companions to hitch us in this journey and make this planet a greater place to stay.