Strategic Planning and Product Innovation Department
Strategic Planning and Product Innovation Department (SPPID) was set up on 1 January 2020 to bring in incremental innovation in the existing products and also launch innovative new products in tune with changing financial sector landscape, clientele needs and the emerging rural landscape as per the mandate of NABARD.
NABARD’s mandate assumes larger significance given current National priorities of inclusive growth, development of rural infrastructure and the vision of $5 trillion economy by 2024-25. The needs and expectations of stakeholders and clients served by NABARD are also changing in tune with the ecosystem.
2. Core functions of the Department
- 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;
- 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.
Shri D. Nageswara Rao
Chief General Manager
2nd Floor, ‘B’ Wing
C-24, ‘G’ Block
Tel: (91) 022-26539430