Current Affairs - National - Discussion

NABARD has provided significant financial support to Odisha’s power sector by extending a long-term loan of ₹1,685.27 crore to OPTCL. This initiative represents NABARD’s first-ever project financing to a State PSU within the state, marking an important milestone in its efforts to strengthen infrastructure development. The loan, offered at a concessional interest rate of 7.75%, is aimed at enabling large-scale transmission upgrades and improving the reliability of Odisha’s electricity network. By facilitating affordable funding, NABARD plays a crucial role in accelerating the state’s long-term power sector modernization and overall economic progress.