NABARD announces Venture Capital Fund

  • On 14th May, 2019, the National Bank for Agriculture and Rural Development (NABARD) announced a venture capital-Nabventures Fund I, for equity supportinagriculture and rural-focused startups.
  • This is the first time that the rural development bank has launched a fund of its own.
  • The fund has been launched by Nabventures, a subsidiary of NABARD.

Significance of Venture

  • Surplus Capital Option: It has a proposed corpus of Rs 500 crore with an option to retain over-subscriptions of Rs200 crore, called as the greenshoe option.
  • Big boost to Investment Ecosystem: The fund is expected to provide a big boost to investment ecosystem in the core areas ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy July 2019 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Economy Watch