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National Bank for Agriculture and Rural Development (NABARD) on Friday said its arm has launched a Rs 750-crore agri fund for startups and rural enterprises. The fund called 'Agri-SURE' is announced by NABVENTURES, a subsidiary of NABARD, with an initial corpus of Rs 750 crore with Rs 250 crore each from NABARD and the Ministry of Agriculture, and Rs 250 crore from other institutions. This fund aims to promote investment in innovative, technology-driven, high-risk, and high-impact activities in agriculture and allied areas, NABARD said in a statement. Managed by NABVENTURES, a wholly-owned subsidiary of NABARD, the fund is structured to support approximately 85 agri startups with investment sizes of up to Rs 25 crore each by the end of its term, it said. The fund will provide support through investments in sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs), as well as direct equity support to startups, it said. Agri-SURE's focus areas include promoting

Nabard launches 750-cr fund to invest in agri, rural start-ups

Business Line | 12 Jul 2024

Infrastructure

SECTOR | 11 Jul 2024

Phase 1 of Bhogapuram Airport will be ready by 2026: Naidu

Business Line

The project is to be implemented on the Public Private Partnership (PPP) model, on a Design, Build, Finance, Operate and Transfer (DBFOT) basis

Infrastructure

SECTOR | 10 Jul 2024

India raises seafarer abandonment crisis at IMO; secures seat at council

Business Standard

India has called for effective measures to resolve the issue of seafarer abandonment and ensuring the safety of maritime workforce, an official statement said on Wednesday. A high-level Indian delegation led by Ports, Shipping and Waterways Secretary T K Ramachandaran raised the issue at the 132nd session of the Council of the International Maritime Organization (IMO) in London. In recognition of its continued commitment to address seafarers' issues, India secured its position as one of the eight governments representing IMO in the joint tripartite working group, it said. "India, an elected member of the IMO Council in the category of countries with the largest interest in international seaborne trade, emphasised the urgent issue of seafarer abandonment," the statement said. The delegation pointed out that despite efforts, there are 44 active cases involving 292 Indian seafarers, the statement added. "India's strong stance on the need for effective measures and oversight to resolv