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2.6 Catalysing Innovation in Rural and Agricultural Landscape: NABARD’s Initiatives and Impact

NABARD is vigorously nurturing the startup and innovation landscape, especially within the agriculture and rural sectors, to promote inclusive development. By offering extensive assistance and grant support, NABARD aids in the creation of Rural Business Incubation Centres (RBIC), cultivating an environment where rural entrepreneurs can innovate and thrive. The Catalytic Capital Fund (CCF) of NABARD provides essential support to agricultural and rural startups during their critical ‘Death Valley’ phase, ensuring their survival and growth through the backing of incubation centres and NABARD subsidiaries. Additionally, to strengthen the investment ecosystem for agriculture, food, rural businesses and agri/rural finance ventures, NABARD has established a wholly-owned subsidiary viz. NABVENTURES Ltd. focussed on investing in early to mid-stage startups. These efforts help turn innovative ideas into impactful solutions that tackle the significant challenges facing the agriculture sector.

Impact under CCF as on 31 March 2024