CURRENT AFFAIRS

Detailed explanation-1: -The National Bank for Agriculture and Rural Development (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.

Detailed explanation-2: -The Venture Capital Assistance scheme is a kind of financial support given in the form of interest-free loans to small farmers, self-help groups, or any of the proprietary firms. It is provided by SFAC ( Small Farmer’s Agribusiness consortium.

Detailed explanation-3: -The Venture Capital Assistance scheme is launched by the Small Farmer’s Agri-Business Consortium.

Detailed explanation-4: -Venture Capital Assistance is financial support in the form of an interest free loan provided by SFAC to qualifying projects to meet shortfall in the capital requirement for implementation of the project.

Detailed explanation-5: -NABVENTURES is the Investment Manager of NABVENTURES Fund I with a target corpus of INR 500 crore. The fund focus on investments in early to mid-stage start-ups in agriculture, agtech, agri-biotech, food, agri/rural fintech and rural businesses.