+
NABARD, MAHAPREIT Partner on Green Rural Infrastructure
POWER & RENEWABLE ENERGY

NABARD, MAHAPREIT Partner on Green Rural Infrastructure

NABARD and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra enterprise, have signed a memorandum of understanding to finance and promote green, climate-resilient and sustainable infrastructure across rural India.

The partnership will combine NABARD’s expertise in rural development, climate finance and green infrastructure financing with MAHAPREIT’s experience in climate-focused infrastructure development. It will support the identification, development, structuring and financing of projects aimed at improving rural prosperity, climate resilience and quality of life.

The collaboration will initially focus on green energy, decarbonisation of government buildings, gram panchayat infrastructure, rural public institutions and water pumping schemes. Clean energy solutions are also planned for technical education institutions, government hospitals, district hospitals and other public service facilities serving rural communities.

The organisations will also explore financing for biogas and bioenergy projects using agricultural residue and biomass resources. These initiatives are expected to create additional income opportunities for farmers while supporting the circular economy.

Solar-powered micro cold storage facilities for village-level bodies will also be considered under the partnership, with a special focus on strengthening villages, Panchayati Raj Institutions and community infrastructure in Maharashtra.

NABARD and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra enterprise, have signed a memorandum of understanding to finance and promote green, climate-resilient and sustainable infrastructure across rural India.The partnership will combine NABARD’s expertise in rural development, climate finance and green infrastructure financing with MAHAPREIT’s experience in climate-focused infrastructure development. It will support the identification, development, structuring and financing of projects aimed at improving rural prosperity, climate resilience and quality of life.The collaboration will initially focus on green energy, decarbonisation of government buildings, gram panchayat infrastructure, rural public institutions and water pumping schemes. Clean energy solutions are also planned for technical education institutions, government hospitals, district hospitals and other public service facilities serving rural communities.The organisations will also explore financing for biogas and bioenergy projects using agricultural residue and biomass resources. These initiatives are expected to create additional income opportunities for farmers while supporting the circular economy.Solar-powered micro cold storage facilities for village-level bodies will also be considered under the partnership, with a special focus on strengthening villages, Panchayati Raj Institutions and community infrastructure in Maharashtra.

Related Stories

Gold Stories

Next Story
Equipment

Radialisation is becoming increasingly important: Amit Tolani, CEAT

In a conversation with Ashlin Rajan, Amit Tolani, CEO, CEAT Specialty, discusses CEAT’s expanding off-highway tyre portfolio through Camso, the shift towards radialisation and the growing demands on construction equipment. He also shares insights into the company’s investments in automation, digitalisation, AI and sustainable manufacturing, as well as its plans to build more efficient and connected production capabilities. With Camso giving CEAT access to premium construction, agriculture, material-handling tyre and track segments, where do you see the biggest growth opportunity over ..

Next Story
Real Estate

MICL, Godrej Properties partner for Marine Lines project

Man Infraconstruction (MICL) has partnered with Godrej Properties Group for the development of a sea-facing residential project at Marine Lines in South Mumbai. The project has an estimated overall revenue potential of more than Rs 60 billion.Under the transaction, MICL, which was earlier the Development Manager for the project, has partnered with Godrej Properties for its development. The development rights jointly held by MICL and Shreepati Group have been transferred to Godrej Properties. MICL will continue to participate in the project through an agreed revenue-sharing arrangement.Spread a..

Next Story
Resources

Bharat Bijlee appoints Khushru Vakharia as MTM Vice President

Bharat Bijlee has appointed Khushru Vakharia as Vice President of its Magnet Technology Machines (MTM) Division, effective August 31, 2026. He succeeds R Rajaraman, who has retired as Division Head.The MTM Division is part of Bharat Bijlee’s Industrial Systems business and provides permanent magnet technology solutions, including the GreenStar range of gearless elevator machines for customers in India and international markets.Vakharia has more than 35 years of experience with Bharat Bijlee across manufacturing, strategic planning, operational procurement, plant engineering, quality assuranc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code