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

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

July 13, 2024
Current Context: On 12th July 2024, NABARD introduced the Agri-SURE fund, which amounts to ₹750 crore.
NABARD has launched a ₹750-crore agri fund, ‘Agri-SURE’ for start-ups and rural enterprises
  • 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
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