Germany supports India’s reform policies geared towards inclusive, regionally and socially balanced growth. As concrete steps in this direction Germany, in collaboration with Indian partner institutions, is actively supporting development and strengthening of financial systems in rural areas, social policy instruments especially for the unorganised sector, and promotion of small and medium-sized enterprises as well as microfinance institutions.
In this framework, the German development cooperation is actively supporting the reform of rural cooperative banks implemented by the National Bank for Agriculture and Rural Development (NABARD). It is also providing support for many aspects of promotion of small and medium enterprises (SMEs) in collaboration with the Small Industries Development Bank of India (SIDBI).
The cooperation projects are carried out on behalf of the German Federal Ministry for Economic Cooperation and Development as well as the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety - each with the concurrence of the German Foreign Office - by Germany's International Cooperation Agency GIZ, the National Metrology Institute of Germany (PTB) and the German Development Bank KfW. GIZ and PTB are charged with implementation of technical cooperation and KfW with implementation of financial cooperation projects respectively.