India will set up India-Africa Institute of Agriculture and Rural Development (IAIARD) in the land-locked African country Malawi, in consultation with National Bank for Agriculture and Rural Development Consultancy service (NABCONS).
IAIARD will be a Pan-African Institute wherein trainees from Malawi and all other African countries will receive training to develop their human resources and build their capacity.
Focus areas will be agro-financing and micro-financing.
This institute will be the first of its kind developed in an African country by India.