NABARD Launches Rs 700-crore Venture Capital Fund for Agri & Rural Startups

NABARD Launches Rs 700-crore Venture Capital Fund for Agri & Rural Startups

• The National Bank for Agriculture and Rural Development (NABARD) has launched Rs 700-crore venture capital fund for equity investments in startups eengaged in agriculture, food and rural development space.
• The fund called NABVENTURES Fund I, has been launched by Nabventures, a subsidiary of NABARD. 
• This is the first time that the rural development bank has launched a fund of its own.
• The fund has a proposed corpus of Rs 500 crore with an option to retain over-subscriptions of Rs 200 crore called as the greenshoe option.