+
NABARD, MAHAPREIT partner on rural green infrastructure
Real Estate

NABARD, MAHAPREIT partner on rural green infrastructure

NABARD has signed a memorandum of understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to finance and promote green, climate-resilient infrastructure in rural India, with an initial focus on Maharashtra.

The partnership will combine NABARD's expertise in rural development and climate finance with MAHAPREIT's experience in renewable energy and sustainable infrastructure. The collaboration will identify, develop and finance projects aimed at strengthening village infrastructure, Panchayati Raj Institutions and other community assets.

Priority areas include renewable energy projects, decarbonisation of government buildings, gram panchayat infrastructure, rural public institutions and water pumping schemes. The initiative also covers clean energy deployment at technical education institutes, government hospitals, district hospitals and other public service institutions serving rural communities.

The partners will also explore financing for biogas and bioenergy projects using agricultural residues and biomass, creating additional income opportunities for farmers while supporting the circular economy. Solar-powered micro cold storage infrastructure for village-level bodies has also been identified as a focus area.

Dr Shaji Krishnan V, Chairman, NABARD, said the partnership aligns with the institution's commitment to supporting sustainable rural development and advancing green infrastructure across the country.

NABARD has signed a memorandum of understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to finance and promote green, climate-resilient infrastructure in rural India, with an initial focus on Maharashtra.The partnership will combine NABARD's expertise in rural development and climate finance with MAHAPREIT's experience in renewable energy and sustainable infrastructure. The collaboration will identify, develop and finance projects aimed at strengthening village infrastructure, Panchayati Raj Institutions and other community assets.Priority areas include renewable energy projects, decarbonisation of government buildings, gram panchayat infrastructure, rural public institutions and water pumping schemes. The initiative also covers clean energy deployment at technical education institutes, government hospitals, district hospitals and other public service institutions serving rural communities.The partners will also explore financing for biogas and bioenergy projects using agricultural residues and biomass, creating additional income opportunities for farmers while supporting the circular economy. Solar-powered micro cold storage infrastructure for village-level bodies has also been identified as a focus area.Dr Shaji Krishnan V, Chairman, NABARD, said the partnership aligns with the institution's commitment to supporting sustainable rural development and advancing green infrastructure across the country.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Saluting Engineers on Engineer’s Day!

India’s infrastructure story is often told through kilometres of highways, soaring bridges, expanding metro networks and tunnels through some of the country’s toughest terrain. Less visible are the engineering decisions behind them. A railway through the Himalayas. A bridge across Mumbai Bay. A metro system built beneath a crowded capital. A 182-m-high structural landmark. A new generation of high-speed highways. Each demanded years of design, testing, coordination and problem-solving, often in conditions where there was little room for error. This Engineers’ Day, we lo..

Next Story
Infrastructure Urban

CJI Surya Kant Calls for Preventive Justice to Avoid Infrastructure Disputes

Kant has urged the infrastructure ecosystem to design contractual and institutional frameworks that identify and address concerns early through communication and dispute-avoidance mechanisms.Chief Justice of India Surya Kant has urged India’s infrastructure ecosystem to move from retrospective justice to preventive justice, as the country undertakes projects at an unprecedented scale. Speaking at global engineering body FIDIC’s Global Infrastructure Conference 2026 in New Delhi, Kant said the true measure of a justice system’s success lies in ensuring mechanisms around infrastructure pro..

Next Story
Infrastructure Urban

Madhya Pradesh Secures Rs 530 Billion in Investment Proposals

Rupee (Rs) 530 billion (bn) in investment proposals were received by Madhya Pradesh on the third day of Chief Minister Mohan Yadav's visit to the United Arab Emirates, with major interest in green energy, artificial intelligence, data centres and advanced manufacturing. The delegation held engagements in Dubai and Sharjah to promote projects and secure commitments from global investors. State officials said the proposals represent a significant pipeline for industrial expansion and technology infrastructure. Rana Holdings Limited proposed a portfolio including a 2,000 MW solar energy project a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code