Krishi VaartaThe Economic Times
NABARD launches maiden fund for Agri, food and rural start-ups
NEW DELHI: Nabventures, a subsidiary of NABARD, Monday announced its maiden fund to back agriculture, food and rural start-ups. The fund -- NABVENTURES Fund-- with a proposed corpus of Rs 500 crore has a greenshoe option of Rs 200 crore and has received an anchor commitment from NABARD, Nabventures said in a release.
The National Bank for Agriculture and Rural Development (NABARD) is a development finance institution. "The fund plans to raise the resources from a mix of domestic as well as global investors. The fund is registered with SEBI as a Category II Alternative Investment Fund," it said. NABARD Chairman Harsh Kumar Bhanwala said the fund is expected to provide a big boost to the investment ecosystem in the core areas of agriculture, food and improvement of rural livelihoods in India. Source – Economic Times, 14th May 2019 If you find this information useful, click on the yellow thumbs up sign under the photo and also share this with your farmer friends using the options given below.
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