NABARD announces ₹750 crore ‘Agri SURE’ fund to promote innovation in agriculture.

Banking & Finance

The National Bank for Agriculture and Rural Development (NABARD) has announced an agri fund for Start-Ups & Rural Enterprises (Agri-SURE), with initial corpus of ₹750 crore to be managed by its wholly owned subsidiary Nabventures. While NABARD and the Ministry of Agriculture are contributing ₹250 crore each, the rest ₹250 crore is from other institutions.


      Nabventures, NABARD's subsidiary, will manage the ₹750 crore fund, supported by contributions from NABARD, Ministry of Agriculture, and other institutions.

      'Agri SURE' will provide financial assistance, grants, and subsidies to eligible projects that contribute to agricultural productivity and sustainability.

     

 

     


About NABARD,

Established : 1981
Headquarter : Mumbai
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