{"id":262138,"date":"2023-09-28T21:03:58","date_gmt":"2023-09-28T15:33:58","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=262138"},"modified":"2023-09-29T10:03:05","modified_gmt":"2023-09-29T04:33:05","slug":"social-bonds-explained-as-nabard-raises-rs-1040-crore-via-its-inaugural-issue","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/social-bonds-explained-as-nabard-raises-rs-1040-crore-via-its-inaugural-issue\/","title":{"rendered":"Social bonds explained as NABARD raises Rs 1,040 crore via its inaugural issue"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article<\/span><b> \u201cSocial bonds explained as NABARD raises Rs 1,040 crore via its inaugural issue\u201d <\/b><span style=\"font-weight: 400;\">published in<\/span><b> \u201cCNBC\u201d on 28th September 2023.<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">National Bank for Agriculture and Rural Development (NABARD) has issued its inaugural social bonds with a total size of Rs 1,040.50 crore.<\/span><\/p>\n<h2><b>What are Social Bonds?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A social bond is a type of financial instrument issued by governments, international organizations or corporations to raise funds for projects and initiatives that have a positive social impact on society.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These bonds are designed to finance projects that address various social issues, such as healthcare, education, affordable housing, poverty alleviation, and environmental sustainability.<\/span><\/p>\n<p><b>First Social Bond:<\/b><span style=\"font-weight: 400;\"> The Pimpri Chinchwad Municipal Corporation (PCMC) in Maharashtra&#8217;s Pune and <\/span><span style=\"font-weight: 400;\">United Nations Development Programme (UNDP)<\/span><span style=\"font-weight: 400;\"> in 2020 co-created India&#8217;s inaugural Social Impact Bond(SIB).<\/span><\/p>\n<h2><b>What is Sustainability Bond Framework?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">NABARD recently announced a Sustainability Bond Framework.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The framework seeks to finance and refinance new or existing eligible green and social projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eligible social projects include affordable basic infrastructure, access to essential services, affordable housing, employment generation, food security, socioeconomic advancement, and empowerment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Projects that promise energy efficiency including green buildings, energy storage, and smart grids, would also be eligible to get funding.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cSocial bonds explained as NABARD raises Rs 1,040 crore via its inaugural issue\u201d published in \u201cCNBC\u201d on 28th September 2023. What is the News? National Bank for Agriculture and Rural Development (NABARD) has issued its inaugural social bonds with a total size of Rs 1,040.50 crore. What&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/social-bonds-explained-as-nabard-raises-rs-1040-crore-via-its-inaugural-issue\/\">Continue reading <span class=\"screen-reader-text\">Social bonds explained as NABARD raises Rs 1,040 crore via its inaugural issue<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[11872,11846],"class_list":["post-262138","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","tag-9pm-daily-factly","tag-cnbc","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/262138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=262138"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/262138\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=262138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=262138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=262138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}