NABARD subscribes to NSDC's maiden ₹4 crore ZCZP issue on Social Stock Exchange for overseas skilling of OBC youth

Key facts

• NABARD fully subscribed to the National Skill Development Corporation's maiden Zero Coupon Zero Principal instrument issuance of ₹4 crore on the Social Stock Exchange platform of the National Stock Exchange.
• The funds raised are part of an ₹11.25 crore project to create sustainable overseas employment opportunities for 600 rural OBC youth in Madhya Pradesh, with skill training aimed at jobs in Japan and Germany.
• The Madhya Pradesh government is expected to provide outcome-linked funding of ₹5.60 crore, with the balance from beneficiary contributions.
• Beneficiaries will receive language training, technical skill development, certification, cultural orientation and end-to-end overseas placement support.
• ZCZP instruments carry no financial returns for subscribers, with proceeds deployed towards generating social returns.