Business Initiatives Department
1.  Genesis
In the year 2010, as part of a repositioning exercise, NABARD initiated steps for finding new business avenues for the bank in the wake of changing economic environment. As a consequence, a new department named, Business Initiatives Department (BID) was formed to provide direct credit support under new business initiatives to various clients which extended assistance for rural development.
Accordingly, the major products being dealt by BID at present are:
A. NABARD Infrastructure Development Assistance (NIDA)
Core Functions:
NIDA is a line of credit for funding rural infrastructure projects under the following three channels:
  • Funding directly to State Government and State-owned Institutions for rural infrastructure development projects
  • Funding PPP infrastructure projects in rural areas, developed directly or through Special Purpose Vehicles promoted by State-owned Institutions, Co-operatives, Producer Organizations, Corporates etc.
  • Funding non-PPP, rural infrastructure projects developed by Registered entities like Companies and Co-operatives
Since inception in 2010-11 till the end of 2018-19 financial years, loans sanctioned under NIDA stand at ` 30,575 crores with a cumulative disbursement of ` 11,567 crores. 
Progress during the last 5 years has been impressive as indicated below: 
                                              (Rs in Crores)
Year Sanctioned Disbursed
682 610
Since inception, 80 projects have been sanctioned under NIDA covering various sectors like: 
  • Power transmission
  • Renewable energy (wind and solar power generation)
  • Restoration of power distribution
  • Roads and bridges
  • Warehousing
  • Development of Market Yard
  • Irrigation
  • Drinking water
  • Sanitation
B. Direct Refinance Assistance (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 any financial institutions regulated/ approved by RBI. 
In response, NABARD has designed a short-term multipurpose credit product for financing directly to DCCBs and StCBs for expanding their lending business under specified activities.
Since 2010-11 till 2018-19, cumulative sanction under DRA to Co-operative Banks stands at ` 42,987 crores with the cumulative disbursement of ` 33,252 crores. 
The year wise progress during the last 5 years is given below: 
(Rs in Crores)
Year Sanctioned Disbursed
5680 4893
2017-18 6,447
The important activities funded by DCCBs covered 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
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.
Generally, CFF is extended for working capital loans towards procurement of agricultural and allied commodities, supply of agricultural inputs, supply chain management, value addition etc. 
Since inception in 2012-13 till 2018-19, cumulative sanction under CFF stands at ` 70,498 crores with a cumulative disbursement stands at ` 88,289 crores. 
The year-wise progress during last 5 years is given below:
                                      (Rs in Crores)
Year Sanctioned Disbursed
2014-15 6265 5155
2015-16 6235 7013.50
2016-17 12,160 15755
2017-18 15,254 25,436
2018-19 24,435 29,680
 D.       Dairy Processing & Infrastructure Development Fund (DIDF)
Core Functions:
As announced in the Union Budget 2017-18, Government of India instituted a Dairy Processing and Infrastructure Development Fund (DIDF) with a total corpus of ` 8,004 crore over a period of 3 years (2017-18 to 2019-20) in NABARD. The objective of the scheme are modernization and creation of additional infrastructure for milk processing, value addition by producing more dairy products and to help the producer owned and controlled institutions to consolidate their market position in the organized liquid milk market and to ensure optimum price realization to the primary producers. 
The fund became operational during 2018-19 and 22 projects were sanctioned with a loan amount of ` 2,157 crore. The first installment of loan amounting to ` 440 crore has been disbursed.
E.       Fisheries & Aquaculture Infrastructure Development Fund (FIDF)
Core Functions:
In the Union Budget 2018-19, Government of India had announced the creation of Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total corpus of ` 7522.48 crore over a period of 5 years (FY 2018-19 to FY 2022-23). FIDF envisages establishment of Fishing Harbours, Fish Landing Centres, Integrated Cold Chain, Modern fish markets, Fish processing units and other infrastructure facilities.
NABARD shall fund the State Governments for creation of public infrastructure components of FIDF. Government of India has circulated the guidelines during 2018-19. 
Contact Information:
Shri U D Shirsalkar
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