NABKISAN Raises ₹180 Crore Through WASH Bond
NABKISAN has listed India’s first social bond dedicated exclusively to water, sanitation and hygiene, with proceeds earmarked for rural and underserved communities.
The listing ceremony brought together representatives from NABARD, NABKISAN, Water.org, Trust Group and the NSE. Water.org supported the transaction as its technical adviser and knowledge partner, alongside other market institutions and financial intermediaries.
NABARD Chairman V. Shaji Krishnan said the issuance demonstrated how innovative financing mechanisms could help address development priorities. NABKISAN Managing Director and CEO Immanuvel Ganesan said the bond showed how capital-market instruments could mobilise funding for development projects while targeting measurable social outcomes.
The bond adds to India’s sustainable-finance market by directing capital towards water and sanitation infrastructure, particularly in communities where access to these essential services remains a development priority.