Current Affairs - Miscellaneous - Discussion

India has signed an agreement 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 to enhance capacity in the areas of agro-financing and entrepreneurship development for African countries. In this Institute, the trainees from Malawi and other African countries will be trained in the areas of micro-financing and agro-financing. This agreement will strengthen the bilateral relations between India and Malawi with the African Union.