• UGI USER
  • Jul 13, 2024
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NABARD UNVEILS ₹750-CRORE FUND FOR AGRI INNOVATION

Why in the news?

  • NABARD announced an Agri-SURE fund for start-ups and rural enterprises.
  • Initial corpus: ₹750 crore, managed by Nabventures, NABARD’s subsidiary.
NABARD UNVEILS ₹750-CRORE FUND FOR AGRI INNOVATIONsource:fertilizerindia

About “Agri-SURE” :

  • The “Agri-SURE” fund by NABARD promotes sustainable agriculture growth.
  • Managed by NABVENTURES, NABARD’s subsidiary.
  • Supports innovative agricultural solutions for immediate and long-term growth.
About  National Bank for Agriculture and Rural Development(NABARD):

  • NABARD, established in 1982, is India’s apex development bank for rural finance.
  • It supports agriculture, small industries, and rural projects.
  • Operates under the NABARD Act.
  • Headquartered :in Mumbai.

About NABVENTURES:

  • NABVENTURES Ltd. is a subsidiary of NABARD.
  • It supports early-stage agriculture and rural enterprises.
  • Incorporated under the Companies Act 2013 to provide institutional support for start-ups in these sectors.

Associated Article:

https://universalinstitutions.com/nabard-reveals-plan-to-boost-green-financing-initiatives/