The Ministry of External Affairs has signed an MoU with National Bank for Agriculture and Rural Development Consultancy Service (NABCONS) for setting up India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi.
India-Africa Institute of Agriculture and Rural Development
- IAIARD would be a Pan-African Institute wherein trainees not only from Malawi but also from other African countries, will receive training to develop their human resources and build their capacity.
- IAIARD will impart training in the areas of micro-financing and agro-financing, among others.
- The expenditure on faculty from India, the travel, logistics and training course expenses for students from other African countries will be borne by the Government of India for an initial period of three years.
IAIARD is the first of its kind initiative undertaken in an African country by India. IAIARD will further strengthen the bilateral relations with Malawi and India’s relations with the African Union.
NABARD Consultancy Services
NABARD Consultancy Services (Nabcons) is a fully owned subsidiary promoted by National Bank for Agriculture and Rural Development (NABARD). Nabcons is engaged in providing consultancy in all spheres of agriculture, rural development and allied areas.
Nabcons leverages on the core competence of the NABARD in the areas of agricultural and rural development, especially multidisciplinary projects, banking, institutional development, infrastructure, training, etc., internalized for more than two decades.