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, viz. Business Initiatives Department (BID) was formed to provide direct credit support under new business opportunities, identified during the repositioning exercise, to various clients which extended assistance for rural development.
Accordingly, BID operates following three credit products to start with:
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
As on 31st March 2018, cumulative sanction under NIDA stood at Rs. 23,212 crores and the cumulative disbursement stood at Rs. 9,067 crores. 
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
2017-18 7,465 2,921
23,212 9,067
Since inception, 66 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
Development of Market Yard
Drinking water

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 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 for expanding their lending business under specified activities.
As on 31st March 2018, cumulative sanction under DRA to Co-operative Banks stood at Rs. 35,188 crores and the cumulative disbursement stood at Rs. 26,753 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
2017-18 6,447 4,849
Cumulative 35,188
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
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 (less than 18 months) towards procurement of agricultural and allied commodities, supply of agricultural inputs, supply chain management, value addition etc. 
As on 31st March 2018, cumulative sanction under CFF stood at Rs. 46,063 crores and the cumulative disbursement stood at Rs. 58,609 crores. 
The year-wise progress is given below:
                                      (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
2017-18 15,254 25,436
Cumulative 46,063 58,609
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