NABARD announced rs 700 cr capital fund

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  • The National Bank for Agriculture and Rural Development announced a Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups.
  • NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own.
  • The fund has been launched by Nabventures with a proposed corpus of Rs 500 cr.
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