Aim to raise $2 billion under RBI's swap facility: Nabard chairman

NABARD Chairman Shaji Krishnan says the National Bank for Agriculture and Rural Development is targeting about Rs 34 lakh crore in agricultural credit in FY27, up from roughly Rs 32 lakh crore last year. In an interview with Christina Titus, he cited regional disparities: areas with stronger credit “cultures” receive more lending, while parts of eastern, central, and northern India remain underserved. NABARD’s priorities include value-chain financing to cut post-harvest losses and diversify toward allied sectors such as animal husbandry, fisheries, and horticulture. Krishnan also aims to raise around $2 billion via ECBs under RBI’s swap facility, in talks involving the World Bank and other multilateral agencies. He said the monsoon deficit is about 10%.