The company will provide credit to NBFCs, Mutually Aided Cooperative Thrift and Credit societies (MACTs), NGOs, FPOs, SHG federations for on-lending to eligible rural borrowers for taking up various non-farm activities.
"By expanding the initiative of refinancing NBFCs, we can support the beneficiaries to take up various non-farm activities," Nabard chairman Harsh Kumar Bhanwala said in a statement.
The company will be financing through on-lending for activities such as rural off-farm, housing, education, health, transport, MSMEs and also to the MFI sector in rural areas.
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