NABARD has launched a ₹750-crore agri fund, ‘Agri-SURE’ for start-ups and rural enterprises

Current Context: On 12th July 2024, NABARD introduced the Agri-SURE fund, which amounts to ₹750 crore.

• This fund is designed to support startups and rural enterprises in the agriculture sector.
• Managed by NABVENTURES, a subsidiary of NABARD, the fund aims to invest in innovative, technology-driven agricultural initiatives, enhance value chains, create infrastructure, and promote sustainable growth.
• It’s structured to support approximately 85 agri startups, with investment sizes of up to ₹25 crore each by the end of its term.

Question:

1. What is the total amount of the Agri-SURE fund introduced by NABARD?

• A) ₹500 crore
• B) ₹750 crore
• C) ₹1,000 crore
• D) ₹1,250 crore

Answer: B) On 12th July 2024, NABARD introduced the Agri-SURE fund, which amounts to ₹750 crore.