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Nabard eyes new fund to add climate funding

Mint Ahmedabad

January 06, 2025

After NabVentures Fund 1, the National Bank for Agriculture and Rural Development (Nabard) now plans a second round focused on ventures that address hurdles created by climate change in the rural financial ecosystem, said Shaji K. V., chairman of Nabard.

- Puja Das

NabVentures, a subsidiary of Nabard, launched the "Agri-Sure" fund last July with an initial corpus of ₹750 crore, with ₹250 crore each from Nabard and the ministry of agriculture, and ₹250 crore from other institutions to promote investment in innovative, technology-d

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