New Delhi: Nabard has headroom to raise about ₹35,000 crore from the market during the remaining months of the current fiscal to fund its business growth and also support various agricultural and rural development schemes of the government, a top official said. "So far we have raised ₹20,000 crore and remaining ₹35,000 crore can be raised depending on demand and requirement," Nabard Chairman Harsh Kumar Bhanwala said. The National Bank for Agriculture and Rural Development (Nabard) raises funds through long term bonds, usually of 10-15 years tenures. Last financial year, Nabard raised a total of ₹56,069 crore through non-convertible debentures, of which ₹33,169 crore was for government schemes and the remaining for the organisation's own funding requirements. Some of the government schemes financed by Nabard include Swachh Bharat Mission, Pradhan Mantri Awas Yojana and Pradhan Mantri Krishi Sinchai Yojana.

Source: Mint November 17, 2019 06:22 UTC