NABARD Chairman Launches NABSAMRUDDHI’s Climate Ready WASH Funding Programme

Shri Shaji K.V, Chairman, NABARD unveiling NABSAMRUDDHI’s Climate Ready WASH Funding Programme

Shri Shaji K.V., Chairman, NABARD launched Nabsamruddhi’s Climate-Ready WASH Funding Program at the Sa-Dhan National conference on Inclusive Growth in Delhi on 08 November 2023. The other dignitaries to grace the occasion were Shri Ravi Krishan Takkar, Chairman, NABSAMRUDDHI, Shri Jiji Mammen, ED & CEO, Sa-dhan and Shri Manoj Gulati, Regional Director, South Asia, Water.org.

Smt. Bonani Roychoudhury, Managing Director of Nabsamruddhi highlighted the role played by the company in championing WASH financing especially over the last 2 years, having disbursed over INR 250 Cr of WASH loans through 25 impact focused Financial Institutions, boosted by Special Concessional refinance from NABARD and technical support from Sa-dhan, Water.org among other stakeholders. Recognising the adverse impact of climate change on WASH, Nabsamruddhi has now realised the need to narrow its focus down to Climate Ready WASH lending. Based on insights generated through interactions with different stakeholders, the programme was launched through 3 MFI partners on a pilot mode, to finance climate proof WASH in climate vulnerable areas in Bihar and Rajasthan.

The dignitaries were felicitated with a signed note of appreciation from Shri Rajendra Singh, “Waterman of India” for their commitment towards advancing sustainable water initiatives.

 (From Left to Right) – Chairman, NABARD along with respective dignitaries releasing  NABSAMRUDDHI’s brochures. Shri Manoj Gulati( Regional Director, South Asia, Water.org), Shri Jiji Mammen(ED & CEO, Sa-Dhan), Shri Shaji K.V (Chairman, NABARD), Smt. Bonani Roychoudhury (Managing Director, Nabsamruddhi) and Shri Ravi Krishan Takkar (Chairman, NABSAMRUDDHI) 

NABSAMRUDDHI:

NABSAMRUDDHI Finance Limited was incorporated under Companies Act, 1956 on 17 February 1997 under the name of Agri Business Finance Limited and registered as Non-Banking Financial Company with the Reserve Bank of India. It was promoted with equity participation from National Bank for Agriculture and Rural Development (NABARD), Union Bank of India (erstwhile Andhra Bank), Canara Bank, Government of Andhra Pradesh, Government of Telangana, Andhra Pradesh State Cooperative Bank, Telangana State Cooperative Apex Bank and a few Industrial Houses / individuals from the State. The objective of NABSAMRUDDHI is to provide credit facilities to legal entities for promotion, expansion, commercialization and modernization in non-farm activities including microfinance, MSME, housing, education, transport, etc.

Advertisements