The National Bank for Agriculture and Rural Development (NABARD) is a development finance institution.
"The fund plans to raise the resources from a mix of domestic as well as global investors. The fund is registered with SEBI as a Category II Alternative Investment Fund," it said.
The impact potential of NABVENTURES Fund I is very high, he added.
As per the release, NABARD has contributed to 16 other alternative investment funds with an overall capital commitment of Rs 273 crore so far.
Nabventures is scouting for equity investments in asset-light, innovative, technology-led start-ups in its focus areas.
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