NABARD announced rs 700 cr capital fund
16, May 2019
Prelims level :
Mains level :
- 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.