NABARD Introduces ₹1000-Crore Blended Fund to Support Agri-Startups

Monday, 18 March 2024, 14:04

NABARD, chaired by Shaji KV, is set to launch a ₹1000-crore blended fund to aid agri-startups encountering scaling challenges. The fund aims to address the limited access to equity and debt instruments faced by startups, fostering new linkages within the rural ecosystem. This initiative signifies a proactive step towards boosting innovation and entrepreneurship in the agriculture sector.

https://store.livarava.com/5c85b8c2-e536-11ee-967d-5254a2021b2b.jpe — NABARD Introduces ₹1000-Crore Blended Fund to Support Agri-Startups

NABARD Announces Blended Fund for Agri-Startups

The National Bank for Agriculture and Rural Development (NABARD), under the leadership of Chairman Shaji KV, is unveiling a ₹1000-crore blended fund. This initiative targets agri-startups struggling with expansion due to restricted access to financial resources. The fund is designed to create vital connections within the rural ecosystem, helping startups overcome growth hurdles.

Key Points:

Impact: The ₹1000-crore fund can significantly enhance the agri-startup landscape in India.
Objective: Address challenges related to limited equity and debt instruments faced by startups.
Benefits: Strengthen forward and backward linkages in the rural sector.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.