Nabard signs USD 100 mn agreement with Green Climate Fund to boost solar power

  • National Bank for Agriculture and Rural Development (NABARD) signed an agreement with Green Climate Fund (GCF) to infuse USD 100 million into a project designed to unlock private sector initiatives for creation of rooftop solar power capacity across India.
  • The USD 250 million project will be executed by Tata Cleantech Capital Ltd and will receive the GCF support through NABARD.
  • Apart from GCF, NABARD is the National Implementing Entity (NIE) for the UNFCC-promoted Fund of GOI.