Business Initiatives Department
1. Genesis
In the year 2010, NABARD launched a repositioning exercise with an objective of finding new business avenues for the bank in the wake of changing economic environment. As a consequence of this exercise, a new department named, viz. Business Initiatives Department (BID) was formed to drive direct credit products of new business opportunities identified during the repositioning exercise.

2. Core Functions
BID operates following three credit products:

A.  NABARD Infrastructure Development Assistance (NIDA)

NIDA is a line of credit for funding rural infrastructure projects under the following four channels:
1.  Funding directly to State Government and State-owned Institutions for rural infrastructure development projects
2.  Funding PPP infrastructure projects in rural areas, developed by: 
  • State-owned Institutions
  • Co-operatives
  • Local Bodies
  • Companies
  • Self-Help Group federations
  • Non-Governmental Organizations
  • Community-Owned Organizations
  • Producer Organizations 
  • Special Purpose Vehicles (SPV) promoted by above organisations
3.  Funding non-PPP, rural infrastructure projects developed by Registered entities like Companies and Co-operatives
4.  Funding NBFC- Infrastructure Finance Companies and Public Financial Institutions/Companies for rural infrastructure development projects
Broad Achievements:
As on 31st March 2017, cumulative sanctions under NIDA stood at Rs. 15,747.00 crores and the total disbursement stood at Rs. 6146.00 crore.
The year-wise progress is given below:
                                             (Rs in Crores)
Year Sanctioned Disbursed
2010-11 42 0
2011-12 891 423
2012-13 2701 860
2013-14 1149 575
2014-15 682 610
2015-16 5919 1222
2016-17 4363
15747 6146

Since inception, 51 projects have been sanctioned under NIDA covering various sectors like:
•    Power transmission
•    Renewable energy
•    Restoration of power distribution
•    Roads and bridges
•    Warehousing
•    Irrigation
•    Drinking water
•    Sanitation

The major States covered under NIDA are Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Gujarat, Rajasthan, Haryana, Chhattisgarh, Punjab, Goa and Madhya Pradesh.
B.    Direct Refinance Assistance (DRA) to Co-operative Banks (DRA to Co-operative Banks)
Core Functions:
Implementation of the revival package recommended by Vaidyanathan Committee has enabled District Central Co-operative Banks (DCCBs) to raise financial resources from sources other than State Co-operative Banks (StCBs.)
In response, NABARD has designed a short-term multipurpose credit product for financing directly to DCCBs and StCBs.
Broad Achievements:
As on 31st March 2017, cumulative sanction under DRA to Co-operative Banks stood at Rs. 28,741 crores and the cumulative disbursement stood at Rs. 21,904 crores.
(Rs in Crores)
Year Sanctioned Disbursed
2010-11 100 0
2011-12 1547 938
2012-13 3385 2363
2013-14 4531 3430
2014-15 5680 4893
2015-16 7959 5540
2016-17 5,539 4,740
Cumulative 28,741
The major categories funded under direct lending include:
•    Crop loans above Rs. 3.00 lakh (above interest subvention limit)
•    Working capital loans for non-farm sector activities
•    Procurement operations through Primary Agricultural Credit Societies (PACS)
•    Financing against pledge of sugar stock
The States covered under DRA are Uttar Pradesh, Gujarat, Karnataka, Rajasthan, Madhya Pradesh, Maharashtra, Odisha, Kerala, Uttarakhand, Himachal Pradesh, Chhattisgarh, Haryana & Bihar.
C.   Credit Facility for Federations (CFF)
Core Functions:
CFF was launched with the objective of providing short-term loans to State Marketing /co-operative federations and corporations involved in procurement and marketing of Agricultural commodities and supply of agricultural inputs like fertilizers, pesticides etc.
Under CFF, credit support is available for working capital loans (less than 18 months) for procurement of agricultural and allied commodities, supply of agricultural inputs, supply chain management, value addition etc.
Broad Achievements:
As on 31st March 2017, cumulative sanction under CFF stood at Rs. 30,809 crores and the cumulative disbursement stood at Rs. 33,173 crores.
                                      (Rs in Crores)
Year Sanctioned Disbursed
2012-13 3039 2500
2013-14 3110 2750
2014-15 6265 5155
2015-16 6235 7013.50
2016-17 12,160 15755
Cumulative 30,809 33,173

The major States covered under CFF are Chhattisgarh, Haryana, Odisha, Gujarat, MP, Maharashtra and Karnataka.

Contact Information:
Jiji Mammen
Chief General Manager
2nd floor, 'A' Wing
C-24, 'G' Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400 051
Tel : (91) 022 26530098
Fax : (91) 022 26530067