Nabard Rural Innovation Fund

The Fund offers financial assistance by way of grant like loan, venture type assistance, etc. for promoting innovations.

NABARD Rural Innovation Fund (RIF) is a fund designed to support innovative, risk friendly, unconventional experiments in Farm, Non-Farm and micro-Finance sectors that would have the potential to promote livelihood opportunities and employment in rural areas. “The Fund with a corpus of around Rs 140 Crore was established in October, 2005 and projects are funded out of this corpus. This Fund is a 5 year fund (extended up to 2012 recently),” says Mr. C.K.Gopalakrishna, CGM. The corporate office of NABARD is located in Mumbai.

NABARD and Swiss Development Corporation (SDC) have been active in promoting rural non-farm sector activities for the last over 25 years by extending NABARD refinance to Rural Financial Institutions, as well as through promotional activities like skill/ entrepreneurship development, market promotion, artisan cluster development, etc. by way of grant assistance to NGOs, etc.

During the studies conducted on the effectiveness of these promotional initiatives, it was observed that there are a large number of product and process innovations reported from rural areas – most often from farmers/ artisans without any formal education or exposure to markets – which have great potential to improve income generation capacity of large number of farmers, reduce the drudgery of rural population especially the poor women, increase employment opportunities, etc. only if these innovations are scaled up and its benefits made available to the large world outside its origin.

NABARD and SDC therefore agreed in 2005 that the promotional funds made available to NABARD by SDC still remained unutilized could be used to spot such innovations and help the potentially useful innovations to be scaled up. This resulted in the creation of a separate Rural Innovation Fund in NABARD for this purpose. The Fund is administered by NABARD under the Steering Committee headed by Chairman, NABARD with representation from NABARD, SDC and external experts in rural development.

Criteria for Project Selection
When asked about the criteria for selection of projects, Mr.Gopalakrishna says, “Any innovations in the rural farm, non-farm or microfinance sectors will be eligible form support under RIF.” The applications will be subjected to scrutiny with regard to capabilities of the champion of the innovation, the concept and the likely impact of the innovation, its scalability/ replicability and the contextual relevance of the innovation, before it is accepted for funding support under RIF.

“NABARD solicits applications from individuals/ organizations interested in demonstration and scaling up of rural innovations through press advertisements, interactions with NGOs/ academic and research institutions, etc. and through the media of Farmers’ clubs/ Self Help Groups, etc. Individuals/ organizations interested to work with NABARD to promote innovations are extended financial assistance by way of grant, venture type assistance, loan, etc. Already about 100 such innovations have been supported by NABARD. A list of the innovations supported till December, 2008 is appended,” says Gopalakrishna.
Focus of the Fund
“NABARD is looking for innovations which have rural poor in the focus, has maximum potential for replication/ scalability and is likely to have wider impact on the income generation, employment opportunities, reduction in drudgery, etc., preferably those for which no other forms of support are available,” he emphasizes.

There are no special programs for each area. “Any region/ activity conforming to the overall objectives of the Fund will be supported. But our experience is that a large number of such projects emanate from resource poor regions like the NE States, Orissa, Chattisgarh, etc.,” Gopalakrishna adds. Research activities are not a priority area of the Fund. “Fundamental research is not a priority area under RIF, though not outside the purview of the Fund, as the objective of the Fund is to help scale up the innumerable number of rural innovations already being reported,” says Gopalakrishna.

Financial Help
The Fund offers financial assistance by way of grant like loan, venture type assistance, etc. for promoting innovations. Though no limits have been fixed for individual innovations as they depend on the merits of each case, generally, financial assistance to a maximum extent of Rs 30-40 lakhs are considered.

Training for Rural Agriculturists
Training forms an essential part of demonstration/ scaling up of the innovation and a part of the project itself is eligible for support under the Fund. “One of the innovative projects funded under the fund is one from Udaipur in Rajasthan in which the marginal farmers and agricultur labourers migrating from Rajasthan to Gujarat, etc. are extended skill Development Training so that their employability increases when they migrate and even to find alternate jobs without migration,” says Mr.Gopalakrishna. “Moreover, NABARD extends financial assistance under its ongoing programmes like Rural Entrepreneurship Development Programmes, Farmers’ Club Programmes and SHG-Banks Linkage Programmes for various training activities of farmers,” he adds.

Non-Farm Innovations
The Fund helps innovations not only in the farm sector, but also in the non-farm and micro credit sectors are eligible for support under the scheme. “Any innovations in the rural non-farm sector are eligible for support. Under the Cluster Development Initiative, NABARD has been supporting a number of artisan clusters in handicrafts, handlooms, etc. across the country,” says Mr.Gopalakrishna.

Support in Marketing Produce
Any innovative marketing proposals is also eligible for support under the Fund. NABARD is in the process of identifying marketing aggregator models in the form of Community Owned Companies of Fabindia, Earthygoods, Sandhi Foundation, etc. for possible support under the fund. NABARD also have separate schemes for supporting Rural Haats, Rural Marts and participation of artisans/ SHG members in Melas/ Exhibitions (like SARAS in Mumbai, Dilli Haat in Delhi, etc.)

Natural Resource Management Projects
The Fund also supports water and natural resources conservation projects. Speaking about counseling farmers in usage of fertilizers and water resources, Mr.Gopalakrishna says, “A number of innovative proposals received for funding support under RIF relate to efficient water usage, organic cultivation, etc.

Water conservation is being supported in tribal areas of Chattisgarh, Manipur, Tripura, Meghalaya, Nagaland, etc. under projects already sanctioned under RIF. The Umbrella Programme for Natural Resource Management (UPNRM) – another project being administered by NABARD is also actively involved in these areas.”

Response to the Fund
When asked how the Fund is received in the rural areas of India, Mr.Gopalakrishna maintains, “The Fund has been well received and NABARD has been able to fund about 100 innovations already and the numbers are growing.

Intensive efforts are, however, needed to further upscale the programme and NABARD has tied up with similar organizations like the Techno Entrepreneurs Development Programme of the Department of Science & Technology for closer cooperation in spotting and funding rural innovations. Efforts are also on to rope in organizations like the National Innovation Fund to work closely with RIF.”

He adds, “NABARD salutes the innumerable number of inquisitive minds responsible for a large number of scalable innovations and would like the projects funded under the Fund to speak for themselves.”

Our Correspondent[/hidepost]

  • http://none nitin vas


    Its a great pleasure to know that there are few organisation which help in the uplift of the farmers.
    My Query is related to the aloe vera industry,i would like to know if there are any schemes were we can apply for Aloe vera cultivation and processing loans .And also any training provide on the same lines.

    Thanking You,

    Nitin Vas

  • Dr.K.K.Bhattacharjee

    Dear Sir,
    I am presently working as a consultant attached to training cell of NIRD(National Institute of Rural Development)- NERC(North east regional center), Guwahati. I intend to take advantage of NABARD rural innovation fund for organizing short term vocational training courses in the field of livestock and poultry farming, scientific slaughter and meat processing, fruit processing and processing of horticultural crops in collaboration with NRC(Nationa Research Center on pig), NERMAC, AAU and other relevent organizations exclusively for the poor rural youths who are highly vulnerable to join antinational activities in north east as well as surrendered militents of NE. If permisible, Please let me know the modalities.

  • avinash

    whether carbon credit is available on plantaion of horticulture plants like lemon, teak , bamboo, amla, mango, sandal, safeda etc… and if so how much??

  • Nitin Dehankar

    Dear Sir,
    I am in pvt job, at Nagpur, but now i would like to start a small Giriraj poultry farm or dairy farm(2-4nos).& Fish Farm. Sir, I would like to know from where can get financial help for same and how much fund is required.I have no any at Masala, TAL Katol.DIST Nagpur(M.S). Please well guide me.
    Thanks and Regards
    Nitin Dehankar

  • Ms.Vandana Chherti

    Dear Sir,

    I am an unemployed woman and 45 years old with two daughters. I am also a single mother.I am from Kandrori vilage of Himachal Pradesh .

    I have taken a training Mushroom cultivation from Solan(HP) with my 20 years daughter.

    I want to set up a mushroom form in my village but I am not getting any financial support . Please advise me how to get fund from NABARD or other organization .

    Thanking you

    Ms. Vandana Chhetri

  • http://yahoo jag bir deol

    i want to set up dairy farm i my land in my village so i want finicial support nabard or other organization to start dairy farm i have got 45 kila land so pls help me thankfull to you

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  • Dr. RS Koshyari

    Himmotthan is implementing a project entitled, “Integrated Fodder Livestock Development Project (IFLDP)” In 6 districts of Uttarakhand. Currently project is being implemented more than 200 villages covering over 15000 households. Project has promoted 12 women federations in 12 areas and currently 10 micro-dairies Milk Parlours) are being managed by women federations/ co-operatives. Due to market interventions now farmers are interested to purchase improved livestock and need support for other activities also, At the same time, the Sir Ratan Tata Trust, Mumbai is providing funding support, but it is not sufficient for providing support to the farmers for purchasing of improved livestock.

    Therefore, we are exploring other source of funding to develop a replicable model for dairy farming and livestock development.

    Looking forward for your response.


    RS Koshyari


  • nageswara rao kurra

    I am planing to grow and train the farmers to use Azola and vermi compost. what source of financial aid ican avail from NABARD or oher institutions. Nageswara Rao Kurra 9480028615; 8686455255.

  • sukumar

    I have a poultry farm of a capacity of 25000 birds broilers.I would like to modernise with auto drinking facility and also start goat farm to make an integrated farm.My required is 10 lakhs.I believe that there is carbon credit for poultry/goat farm.
    Thanking you,

  • vijay s chavan

    I started seeds company at Jalna with 4 Acr R & give me details about NABARD FUND regarding above.

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    emu farming, get free project report
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    i want to start small scale industry in eco friendly projects like jute so how i can start and get funding.

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  • Shuyeve Kezo

    Sir,I am the chairman of Youth Focus Thrift and Credit Cooperative Society ltd in Dimapur, in the state of Nagaland. Our main activity is micro finance. We give small loans at low interest rate to our members and both educated and uneducated unemployed youths who can not avail bank loan for self employment. We have helped many youths to set up small grocery shops, mobile recharge and repair units, tea stalls,poultry,piggeries,etc. We have being managing this business from fund which comes from members’ contributions/deposits. The demand for loan has increased rapidly as we provide door step service and the formality we employ are easier than other normal lending agencies. In order to promote our business as well as to help us provide many unemployed youths loan for self employment, I sincerely request your office to include my society under RIF program. Thanking you Sir.
    Shuyeve Kezo
    Dimapur, Nagaland.

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  • Om Prakash Sharma

    Sir, I am Om Prakash Sharma, a serving banker for 27 years. I have fairly good knowledge about Dairy farming & the vast potential it holds to generate employment, provide manure/vermi-compost, Gobar Gas Plants as a clean fuel to villages & promote a allround growth in sustainable farming.

    Sir, I soon wish to take VRS & promote an NGO to promote dairy & other related economic activities for employment generation in villages. I have devised a sustainable & environment friendly model of RURAL DEVELOPMENT covering,dairy, Clean fuels through GGPs, manure/Vermi-compost, techniques of saving water in farming, reduce consumption of Chemical Fertilisers & Pesticides, promote forestry, Restoration of water bodies like Ponds/Johar/Talaabs etc and host of other activities.

    Sir, how my proposed NGO KSHEER SAGAR can get support from NABARD.

    Om Prakash Sharma
    Chief Manager, Allahabad bank
    Santoshpur Branch, Kolkata
    email add-

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  • A.R.N.Rao

    Sir iam cultiveting exoticvegetables from last five years iwant some financial support

  • sumit

    i have many Innovative ideas regarding customized and theme-based tree-plantation etc….if serious call sumit 09425605432

  • vishnu chaudhari

    sir , i have lot of waste land , and i have also own buffalow farm i want to set up bio gas project from the waste material of buffalow. but have not suuficiant financial support, i request to u please give idea of finance with govt. subsidy

  • Arun

    Sir, i have around 20 acres land , i am planning to put cow-form with water source. please let me know how to get the loan from NABARD , What is the process and other details.

  • Vilas Tanaji Jadhav

    Sir,i establised anar farm but i neded water in summer so i will make ‘shet tale ‘so tell me how to get loan from NABARD.

  • Srinivas Mohanty,9437672224

    For the sake of advertisement, schemes spelt out by NABARD is good to listen,but practical field is very diffuclt .I have an unprecedented experience with the public relation officer of NABARD at Bhubaneswar namely one Dash who indulges in discuraging for farming .Hence with this state of affairs can you afford to spend time and dream of farming .No!corruption needs to be rooted out and more the officers becomes indispensable the more they become corrupt.Sad ,sad part of the state so also of the country .I leave this message for the officers if principle still prevails ,they must contact me and have the sharing with my experience which i gathered from their respective offices.

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  • Er. K.P.Bhawsinka

    Dear Sir,
    I am interested to develop a prototype and process development on Roasting Makhana to reduce rural drudgery involved using NABARD innovative fund. pl. let me know how soon and to what extent project can be sanctioned. I wish to utilize available facilities with others using brought out items for testing and validation.
    Pl. mention how you can support its future marketing, if developed.

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    i have already runed in country chicken poultry farm in capacity of 1500 chicks farming , though so many times i tried to get the poultry loan from Indian overseas bank thathaiengarpettai branch , branch code 2816-01,but they told this poultry not viable to our bank so u tried some other banks,than how can i get the country chicken poultry loan please help me how can i get the loan i have poultry projects ,





  • appanna p k

    dear sir,
    I am intrested to go for vegetable cultivation in one of the leased land of about 20 acres.Is there any posibility of geting loan for this venture. Please kindly let me know. If loan is granted what is the procedure to apply for the loan.
    thanks and regards

  • http://- SVS.PRAKASH RAO

    I am interested to go for Floriculture cultivation in one of the leased land of about 5 acres.Is there any possibility of getting loan for this venture. Please kindly let me know. If loan is granted what is the procedure to apply for the loan.

    Thanks and regards

  • rdf_khan

    Dear Sir

    I have a dairy firm named Rubdia Dairy Firm Ltd in Jessore, BANGLADESH. I need some information.Everyday i get huge cow dung from 150 cow but i cannot use this raw material properly because non applied of modern technology.I am very interested to use the technology of bio gas bottling plant.It would be better for my firm if you please give me the information about the technology bio gas bottling plant and its needed machinery,where can i find it,its cost and the following questions:please

    1.How can i get the technology of bio gas bottling plant?
    2.How many raw material(cow dung) need for producing 1000 cylinder for a month?
    3.Total cost for setup (1000 cylinder) the bio gas bottling plant?

    I am eagerly waiting for your response so please inform me as soon as possible.

    Thanking you
    Kamruzzaman khan

  • chandan n mutha 9011038300

    i going to start a milk processing plant with around 200 farmers.
    for that we desire the scheme and benefits available for such project.
    we are waiting for warmful reply.
    thanks & regards
    chandan n mutha

  • http://-- SANJAY SHINDE

    hello sir,
    I am working in nasik on post of village development officer,i have some innovative plans for my working village for e.g.a 25m3 biogas plan for all homes in that village

    100% useful project for nirmal bharat abhiyan.
    It is good for health.
    Generate electricity power,useful for that village.
    Compost product useful for organic farming, and many more…..
    We need funding for this model project.

  • Naveen

    please contact nearest jute Board office or call me 09448181912

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