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Rural Startups
May 15 , 2019
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- The National Bank for Agriculture and Rural Development (NABARD) has announced a Rs 700-crore venture capital fund for
- equity investments in agriculture
- rural-focused startups
- The fund has been launched by Nab Ventures, a subsidiary of NABARD.
- The startups engaged in agriculture, food and rural development space will get priority.
About NABARD:
- NABARD is the apex financing agency for institutions that provide investment and production credit for promoting the developmental activities in rural areas
- It was established on the recommendations of B.Sivaraman Committee in 1982.
- It looks after the development of the cottage industry, small scale industry and village industry.
- NABARD supervises
- State Cooperative Banks (StCBs),
- District Cooperative Central Banks (DCCBs)
- Regional Rural Banks (RRBs)
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