NABARD has announced Rs 700-crore venture capital fund for rural agricultural start-ups.

• This project was launched by Nabventures, an auxiliary unit of NABARD.
• NABARD proposed amount of Rs 500 crore with an option to retain over-subscriptions of Rs 200 crore.
• NABARD has given an anchor commitment for the fund, which will be investing across startups engaged in agriculture, food and rural development space.

The fund will have a high impact as it will provide a boost to investment ecosystem in the core areas of agriculture, food and improvement of rural livelihoods.