The record
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- NABARD has signed a memorandum of understanding with MAHAPREIT, a Maharashtra government enterprise, to finance and promote green, climate-resilient infrastructure across rural India, with a special focus on villages and Panchayati Raj institutions in Maharashtra.
- The partnership will identify, structure and finance sustainable projects aimed at rural prosperity and improved quality of life.
- Priority areas include green energy, decarbonising government buildings, gram panchayat infrastructure, water pumping schemes, biogas and bioenergy from agricultural residues, and solar-powered micro cold storage for village bodies.
- NABARD's chairman described the agreement as a significant step towards a cleaner and greener rural India.
What to watch next
- Which specific green energy and biomass projects get selected and financed first in Maharashtra
- How the collaboration delivers additional income opportunities for farmers from agricultural residues
- Whether the model extends to other states or gains more partners for rural green financing
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Named India · Dr Shaji Krishnan V · Maharashtra government · Mahatma Phule Renewable Energy and Infrastructure Technology · NABARD
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