NABARD | Business Upturn

MTNL executes Rs 350.72 crore leasehold property transfer with NABARD

Yash Agarwal — Mon, 30 Mar 2026 12:46:30 +0000

Mahanagar Telephone Nigam Limited (MTNL) has executed a significant deed of assignment for its leasehold property with the National Bank for Agriculture and Rural Development (NABARD). The transaction, valued at ₹350.72 crore, involves the transfer of leasehold rights for MTNL’s residential property located in GN Block, BKC Quarters, Bandra (East), Mumbai.

The property in question comprises 28 quarters, with a plot area of 2680 square metres and a built-up area of 4021.43 square metres, situated at MMRDA Plot No. R-4, BKC, Bandra (East), Mumbai–400 098. NABARD has already paid the full consideration amount of ₹350.72 crore for the unexpired balance of the lease term.

This transaction is a government-to-government transfer, and as such, it does not fall under related party transactions. There are no special rights or significant terms attached to the agreement, such as rights to appoint directors or share subscription rights.

The disclosure of this transaction complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is further detailed in SEBI Circular No. HO/49/14/14(7)2025-CFD-PoD2/1/3762/2026 dated January 30, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Yash Agarwal and reviewed by Markets Desk before publication.

PM Modi launches world’s largest grain storage project for cooperative sector

Matrika Shukla — Thu, 22 Feb 2024 12:18:06 +0000

On February 24th, 2024, Prime Minister Narendra Modi is set to inaugurate and lay the foundation stone for several initiatives aimed at revitalizing the cooperative sector in India. The event, scheduled to commence at 10:30 AM at Bharat Mandapam, New Delhi, marks a significant milestone in the government’s commitment to bolstering agricultural infrastructure and empowering small and marginal farmers across the country.

One of the key highlights of the event is the inauguration of the pilot project for the ‘World’s Largest Grain Storage Plan in Cooperative Sector.’ This initiative encompasses 11 Primary Agricultural Credit Societies (PACS) spanning 11 states, aiming to establish a seamless integration of PACS godowns with the food grain supply chain. By fortifying food security and enhancing economic development, this project, supported by NABARD and spearheaded by the National Cooperative Development Corporation (NCDC), underscores the government’s dedication to ensuring agricultural prosperity.

In addition, Prime Minister Modi will lay the foundation stone for an additional 500 PACS across the nation, earmarked for the construction of godowns and other agricultural infrastructure. This expansion initiative seeks to amplify the reach and impact of the cooperative sector, enabling more farmers to benefit from enhanced storage facilities and streamlined supply chain mechanisms. The convergence of various existing schemes, such as the Agriculture Infrastructure Fund (AIF) and Agriculture Marketing Infrastructure (AMI), further underscores the government’s commitment to fostering a conducive ecosystem for agricultural growth and development.

Furthermore, the inauguration of the project for computerization in 18,000 PACS nationwide heralds a new era of digital empowerment for the cooperative sector. Aligned with the government’s vision of “Sahakar se Samridhi,” this initiative aims to enhance operational efficiency and governance by transitioning all functional PACS onto a unified Enterprise Resource Planning (ERP) based national software. Developed by NABARD, the National Level Common Software promises to revolutionize the functioning of PACS, enabling seamless integration and connectivity with state and district-level cooperative banks.

With a financial outlay exceeding Rs 2,500 crore, these initiatives underscore the government’s commitment to revitalizing the cooperative sector and empowering farmers across the length and breadth of the nation. As Prime Minister Modi inaugurates and lays the foundation stone for these monumental projects, the cooperative sector embarks on a new trajectory of growth, resilience, and prosperity.

NABARD approves Rs 12.58 cr for two Kangra roads

United News of India (UNI) — Tue, 19 Dec 2023 11:44:05 +0000

Kanga, Dec 19 : Kangra BJP MLA Pawan Kajal said on Tuesday that an amount of Rs 12.58 Crore has been approved from NABARD Bank for the expansion of two roads on the basis of the MLA Priority Scheme for Kangra Assembly Constituency.

He also said, “One road under construction with four lanes will connect the stay villages of Dehra Arla, Gabla Andrad, and Trasuh, and the other road will provide relief to thousands of people by being built between Lalehar, Birta, Jogipur, Ujjain, Sevkara, and Natehar.”

Kajal said, “His priority is to provide roads, education, drinking water, and health facilities to every village. He said the construction work of a drinking water scheme worth Rs 19 crore for Daulatpur, Samela, Har Jaladi, and a dozen adjoining villages in the Changar area is in the final stage.
He also said that in the coming time, a 24-hour drinking water facility will be provided to the villagers. The construction work for a new water storage tank with a capacity of 1 lakh 80 thousand litres in Old Kangra has started. Adequate drinking water will be made available in the coming time.”

NABARD’s loans jumps 25.2% to reach Rs 6 lakh crore in FY21: Report

News Desk — Sun, 22 Aug 2021 13:21:05 +0000

The Bank in its annual report utters that the total loans and advances extended by NABARD during 2020-21 registered a growth of 25.2 per cent year-on-year to reach Rs 6 lakh crore, with half of it going into production and investment.

The report said NABARD earned Rs 34,671.2 crore income during 2020-21, or a 6.1 per cent increase over the preceding year. Its profit before tax in 2020-21 was Rs 6,081.4 crore, against Rs 5,234.3 crore in the year-ago period. The profit after tax was Rs 4,320 crore compared with Rs 3,859.2 crore in 2019-20.

The National Bank for Agriculture and Rural Development (NABARD) also said its balance sheet size reached Rs 6.57 lakh crore as of March 31, 2021, most of which is on account of non-idle (earning) assets that, in turn, helped create private and public investments at the ground level.

“We achieved a record year-on-year growth of 24 per cent in our total assets and similar impressive growth in the loan portfolio,” NABARD’s Chairman G R Chintala said in the annual report. He noted that because of the government’s Aatmanirbhar Bharat package and hardworking farmers, the agricultural sector recorded a growth of 3.6 per cent last year and is likely to repeat the performance in the current financial year also. Agricultural credit outstanding grew at 12.3 per cent in 2020-21, the highest across all sectors.

“This gives us the confidence to meet the target of Rs 16.5 lakh crore rural credit flow set by the Union Budget 2022, as the monsoon during the current year is also expected to be normal,” Chintala said.

Highlighting deployment of funds and year-on-year growth as of March 2021, the annual report said the total loans and advances from NABARD reached Rs 6 lakh crore compared to Rs 4.8 lakh crore as of March 31, 2020. The growth was 25.2 per cent despite the pandemic compared with 11.5 per cent in 2019-20.

“Encouragingly, half of this total went into production and investments and a third into infrastructure development. With the package unfolding over the coming years, the retail credit offtake in agriculture and rural sector is likely to remain buoyant,” it said.

The report further said the quantum of short-term surplus deployed by NABARD in various financial instruments including deposits with banks stood at Rs 47,740 crore as of March 31, 2021, accounting for 7.3 per cent of the balance sheet.

Out of this, it said 94 per cent was deployed in government securities and other financial instruments, and Rs 2,945 crore was kept in the form of short-term bank deposits to meet liquidity and contingency requirements, as of March 31, 2021.

NABARD said that during 2020-21, it formed about 6.8 lakh self-help groups (SHGs), ensured bank credit for nearly 4 lakh, and released Rs 170.2 crore against a sanction of Rs 418.20 crore for promoting over 8.7 lakh SHGs.

As per the report, the bank promoted 634 farmer producer organisations (FPOs) during the fiscal ending March 2021 against the target of 600. In 2019-20, the government had announced a scheme to develop 10,000 FPOs in five years. As one of the implementing agencies, NABARD targeted the promotion of about 4,000 FPOs within the scheme period. A credit guarantee fund of Rs 1,000 crore with equal share from the central government and NABARD was set up under NABSanrakshan, a NABARD subsidiary, to incentivise banks to finance FPOs.