NABARD and SBI forge strategic partnership for sustainable growth of rural Assam

National Bank for Agriculture and Rural Development (NABARD) and State Bank of India (SBI) have signed an MoU to boost rural growth in Assam. The partnership aims to finance Rs. 500 crores in FY 2025-26, with a target of Rs. 1,000 crores annually thereafter. The focus is on enhancing rural livelihoods and improving the credit ecosystem.