About Us

Strategic Planning and Product Innovation Department

1. Genesis

In order to provide sustainable solutions to the agriculture and rural development related issues, there is a need to design and develop suite of credit and credit plus products and services for NABARD, its subsidiaries and banking sector at large, which will enhance NABARD’s visibility and engagement with stakeholders.

Accordingly, Strategic Planning and Product Innovation Department (SPPID) was set up as a new department on 01 January 2020 to bring in incremental innovation to its existing products and launch innovative products in tune with changing financial sector landscape, clientele needs and the emerging rural landscape, keeping in focus the mandate of NABARD.

Through its core functions, the Department provides critical insights into the environment, creates a visible focus, reinforces proficiency and realizes shared sense of purpose besides helping the Bank in taking informed decisions.

The scope of the department has now been expanded to cover digital and technological interventions of NABARD in the Rural Financial Institutions.

2. Core functions of the Department

Strategic Planning Functions

  • To ensure synergy among goals, objectives and action plans of NABARD with its primary tasks and responsibility
  • To review the vision and mission statements and formulate short/medium/long term plans
  • To integrate new products into existing product lines based on the external and internal business environment
  • To evaluate the performance, culture, communications, etc., and carry out necessary refinement
  • To conduct stakeholder interactions, Town hall meetings, Seminars and Conferences on topical subjects to gain greater insight

Product Innovation Functions

  • To use private sector finance knowledge and deep sovereign relations of NABARD to deliver innovative products and solutions to effectively respond to the clients’ needs
  • To conduct market research on financial products & development activities and develop conceptual framework for product development
  • To examine the scope of expanding collaboration with new and emerging partnerships with corporate and philanthropic foundations
  • To conduct updated analyses on critical market constraints, improve the products and instruments to provide tailored support to public and private sector clients by deploying tools of data analytics
  • To scale up developmental facilitation and promotional initiatives of NABARD into business proposition
  • To work in coordination with all the business departments of NABARD besides offering solutions based on research and analytics.

Digital, technological and other interventions

  • To digitize Kisan Credit Card loan process leading to setting up of KCC portal
  • G-20 related matters
  • To promote banking models for agri value chain financing
  • To scale up digital interventions in Rural Financial Institutions

3. Achievements

  • Formulated a guidance note for credit evaluation of a FPO covering inputs on technical, business, risk mitigation aspects together with a Rating tool to guide and encourage banks for financing FPOs.
  • Designed a Model Scheme for financing Water, Sanitation and Hygiene (WASH) activities keeping in view the need to protect human health during infectious disease outbreaks like Covid-19 pandemic.
  • Spearheaded the task of incorporating NABSanrakshan Trustee Private Ltd, a wholly owned subsidiary of NABARD under Indian Companies Act, 2013 to manage and administer multiple credit guarantee funds. The Trustee company was incorporated on 13 November 2020 with an authorized capital of Rs. 100 crore and paid up share capital of Rs. 50 crore.
  • Involved in developing a product to extend financial assistance to State Governments for meeting their obligation of share capital contribution to RRBs.

4. Work in progress:

  • A Strategic Plan for Five Year Period encompassing business, developmental & supervisory perspectives of the Bank for the period 2023-24 to 2027-28 is being prepared.
  • Engaged in designing suitable digital banking products for Agri Value Chain financing
  • Digitizing Kisan Credit Card loan process on a pilot basis
  • Setting up of PMU for monitoring digital interventions in Rural Financial Institutions
  • Promotion of Financial Inclusion initiatives as part of “G-20 Global Partnership for Financial Inclusion”.

Contact Information

Shri Manikumar S.
Chief General Manager
4th Floor, 'E' Wing
C-24, 'G' Block
Bandra-Kurla Complex,
Bandra (East)
Tel: (91) 022 -26539378
E-mail Address: sppid@nabard.org

Information under RTI – Section 4(1)(b)

Strategic Planning and Product Innovation Department

Information required to be published under Section 4 (1) (b) of the RTI Act

Sr. No. Particulars Information
(i) Particulars of its organisation, functions and duties

Strategic Planning and Product innovation
Department (SPPID)
NABARD, Head Office, Mumbai

The department has two verticals, viz., strategic
planning and Product Innovation. The verticals
are entrusted with the tasks as under:

To bring in incremental innovation in the existing products of the Bank.
To launch innovative products in tune with changing financial sector landscape, clientele needs and the emerging rural
landscape as per the mandate of NABARD.
To formulate short/medium/long term plans for the Bank.
Besides, a Cell has been created to look after the work related to digital and technological interventions of NABARD in the Rural Financial Institutions

(ii) The powers and duties of its officers and employees As per

NABARD Staff Rules 1982


NABARD Expenditure Rules 2019

(iii) Procedure followed in the decision making process, including channels of supervision and accountability Hierarchy based decision making process with group approach is adopted for performing the functions of the department.
(iv) Norms set by it for the discharge of its functions Norms set for the discharge of duties originate from extant policy guidelines, circulars, manuals, etc., as applicable in-

NABARD Staff Rules 1982

General Administration Manual

NABARD Expenditure Rules 2019

(v) Rules, regulations, instructions, manuals and records, held by it or under its control or used by its employees for discharging its functions. The Department follows-

Provisions of internal circulars/ guidelines issued by the Bank.
Provisions of NABARD Act 1981, regulatory guidelines issued by Govt. of India, RBI etc.
Any other rules/guidelines as applicable.

(vi) A statement of the categories of documents that are held by it or under its control Case specific documents will be held by the department under its control.
(vii) Particulars of any arrangement that exists for consultation with or representation by the members of the public in relation to the formulation of its policy or implementation thereof Policy framed as per corporate office guidelines/subject to approval of Board of Directors consisting of representatives from GoI/RBI.
(viii) A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public No separate Committees, councils or Boards constituted by the department.
(ix) A directory of its officers and employees Available at:

Directory of its Officers and Employees

(x) The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations Monthly remuneration received by its officers and employees, including the system of compensation will be as provided in its Regulations
(xi) Budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made The department is not involved in disbursement of loans/grants. Hence, not applicable at this stage.
(xii) Manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes Not applicable
(xiii) Particulars of recipients of concessions, permits or authorisations granted by the organisation Not applicable
(xiv) Details in respect of the information available to or held by it, reduced in an electronic form Not applicable
(xv) Particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use Information is available on the public domain


(xvi) The names, designations and other particulars of the Public Information Officers Available at


(xvii) Such other information as may be prescribed and thereafter update these publications every year. - Not Applicable -