The National Bank for Agriculture and Rural Development (NABARD)held a prelaunch stakeholder meeting to announce the 'Agri-SURE' fund,an Agri Fund for Start-Ups & Rural Enterprises.The fund is announced by NABVENTURES, a subsidiary of NABARD with an initial corpus of Rs750 Crore with 250 crores each from NABARD and the Ministry of Agriculture, and 250 crores from other institute.
The event took place in Mumbai was graced by Shri AK Sahu, Joint Secretary, Department of Agriculture & Farmers Welfare, Shri Shaji K.V., Chairman, NABARD, Shri Goverdhan Singh Rawat, DMD, NABARD, and Dr. Ajay Kumar Sood, DMD, NABARD, aims to promote investment in innovative, technology-driven, high-risk, and high-impact activities in agriculture and allied areas. Managed by NABVENTURES, a wholly-owned subsidiary of NABARD, the fund is structured to support approximately 85 agri start-ups with investment sizes of up to Rs25 crore each by the end of its term. The fund will provide support through investments in sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs), as well as direct equity support to start-up.
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