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NABARD sets up co to provide venture capital

Press Trust of India  |  New Delhi 

Monday said it will provide early stage capital to agriculture and rural enterprises through its entity.

NABVENTURES Ltd, incorporated by under the Companies Act, will launch its maiden fund offer by the middle of February.

The (NABARD) will provide early stage support for agriculture and rural enterprises and fill the gap of adequate institutional support to them, it said in a statement.

The would leverage its long experience in rural space and promote various enterprises to create more sustainable employment.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 07 2019. 18:45 IST