Rural Startups

May 15, 20196 days 00
  • 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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