The Department of Subsidiaries and Strategic Investment was created on August 4, 2014 with the objective of providing focused attention to the Subsidiaries, Strategic Investments in Companies and managing investments in Alternative Investment Funds (AIFs).

Core Functions

1. Subsidiaries

a) To maintain an oversight on subsidiaries and facilitate strategic planning to align with organisational goals

b) To keep the institutions sufficiently capitalised for business growth and regulatory requirements.

c) To facilitate inter-connectedness between NABARD Departments and subsidiaries, and to establish synergies for enhanced collaboration and efficiency.

2. Strategic Investments

a) To make strategic investments in institutions that align with furthering the mandate of NABARD

b) To align and invest in the Special Purpose Vehicle of the State Governments for the benefit of the ecosystem.

c) To place Nominee Director in the Board of institutions with an intention to continuously meet the strategic purpose of investing in the institution.

d) To collaborate with investee companies and establish synergies for developing ecosystem

e) To prepare policy for strategic investments

3. Alternative Investment Funds

a) To invest in Category I and II SEBI-registered AIF with an aim to motivating the industry to look for opportunities and supporting agripreneurs or enterprises supporting the mandated sectors and innovative ideas.

b) To apprise Board/EC on the developments in the portfolio and industry.

c) To frame policy for investments in AIFs

Investment in NABARD’s Subsidiaries

NABARD has seven subsidiaries established to further its mandate. The Subsidiaries contribute significantly in supporting NABARD’s objectives and expanding the impact in rural and agricultural development through financing the rural MSMEs, FPOs, SHG & JLGs, micro-credit facility, providing credit guarantee, investing in rural start-ups and providing consultancy in all spheres of agriculture, innovating in rural development and allied areas.

The total investment in the share capital of the seven subsidiaries stood at Rs.649.63 crore as on 30 September 2025.

Strategic Investments and Returns

NABARD has strategically invested in equity of companies involved in agriculture and rural development sectors. These investments aim to support institutions that contribute to agricultural and rural development, whether through direct interventions or indirectly by mitigating agriculture risks, facilitating market access, providing essential digital services, upgrading skills and improving credit accessibility through specialized institutional mechanisms.

Till 31 March 2025, NABARD had invested Rs.1166.83 crore in 12 companies operating in the agriculture and rural development space. During FY2024-25, NABARD received a dividend of Rs.26.41 crore from 5 companies viz. Small Industries Development Bank of India (20%, Rs.10.64 crore), Agriculture Insurance Company of India Limited (25%, Rs.15.00 crore), Multi Commodity Exchange of India Limited (76%, Rs.0.29 crore), Common Service Centres e-governance (6%, Rs.0.33 crore) and National E-Governance Services India Limited (10%, 0.15 crore).Till 30 September 2025, NABARD had invested Rs.1501.27 crore in 15 companies operating in the agriculture and rural development space. p>

Investing in Alternate Investment Funds

NABARD is contributing to SEBI registered Alternate Investment Funds to encourage entrepreneurship in existing or new activities for catering to agriculture and rural development, to facilitate development of income generating sustainable units for emulation by rural people and to promote technological innovations and technology dissemination in agricultural and rural sectors. As on 30 September 2025, the total commitment by NABARD stood at Rs 1093.39 crores in 37.

NABARD invests in sector specific and sector agnostic funds in Category I and II Alternative Investment Funds category registered under SEBI (AIF) Regulations 2012. The contributions have also been made to Debt Funds.

NABARD together with the Ministry of Agriculture and Farmers Welfare, GoI, have sponsored setting up of AgriSURE Fund to support innovative, technology driven, high-risk, high-impact activities in agriculture and rural startup ecosystem. The fund is being managed by NABVENTURES Limited as wholly owned subsidiary of NABARD.

Contact Information

R P Singh
Chief General Manager
Department of Subsidiaries and Strategic Investments (DSSI)
NABARD, Head Office
2nd Floor, ‘A’ Wing
Plot: C-24, 'G' Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400 051
Tel: 022-68120084
E-mail Address: dssi@nabard.org

Information under RTI – Section 4(1)(b)