Partnership to
finance renewable energy, climate-resilient village infrastructure, and
sustainable public assets, with Maharashtra as the initial focus
Mumbai:
NABARD and Mahatma
Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a
Government of Maharashtra enterprise, signed an MoU to finance and promote green,
climate-resilient and sustainable infrastructure across rural India, with
special focus on strengthening villages, Panchayati Raj Institutions (PRIs),
and community-level infrastructure in Maharashtra.
The
MoU brings together NABARD's expertise in rural development finance, climate
finance and green infrastructure financing with MAHAPREIT's experience in
climate-focused infrastructure development. The collaboration seeks to
facilitate the identification, development, structuring and financing of
sustainable projects that support rural prosperity, climate resilience, and
improved quality of life in villages across India.
Speaking
about this tie up, Dr. Shaji Krishnan V, Chairman, NABARD stated that,
“NABARD is committed to working with all like-minded stakeholders in furthering
a cleaner and greener rural India. We see this MoU with MAHAPREIT as a
significant step in this direction”.
Initially,
both organisations have identified priority areas like green energy,
decarbonisation initiatives for Government buildings, gram panchayat
infrastructure, rural public institutions, water pumping schemes. Deployment of
clean energy solutions for Directorate of Technical Education (DTE)
institutions, government hospitals, district hospitals and other public service
institutions serving rural communities are also in the plan of collaborative
action. Promotion of biogas and bioenergy generation, agricultural residues and
other biomass resources, creating additional income opportunities for farmers
while supporting the circular economy along with solar-powered micro cold
storage infrastructure for village level bodies will be taken up for financing
in a collaborative mode.