NABARD subscribes ₹4 Crore to NSDC's Social Stock Exchange Issue to support overseas employment of rural youth

The National Bank for Agriculture and Rural Development (NABARD) has fully subscribed ₹4 crore to the maiden Zero Coupon Zero Principal (ZCZP) issue of the National Skill Development Corporation (NSDC) on the National Stock Exchange's Social Stock Exchange platform. This initiative, with an estimated outlay of ₹11.25 crore, aims to create sustainable overseas employment in Japan and Germany for 600 rural youth belonging to Other Backward Classes in Madhya Pradesh. Implemented in collaboration with the Government of Madhya Pradesh and supported by beneficiary contributions, the project focuses on outcome-based financing, providing language training, technical skill development, certification, and placement support.