InvestorQ : Why has NABARD started investing in start-ups and how is the latest investment doing?
Rutuja Nigam made post

Why has NABARD started investing in start-ups and how is the latest investment doing?

Answer
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3 months ago


This is a great move by the government. The investment will be most for the start-ups which are helping to grow India. (Vocal for Local)


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Arti Chavan answered.
3 months ago


This start up investment has been done by NABARD through its investment arm, NABVENTURES Fund I. This investment in Jai Kisan is the first investment in the Mumbai-based rural Fintech start-up and is part of the overall Rs.30 crore funding project. Other investors apart from NABVENTURES include Arkam Ventures, Blume Ventures, Prophetic Ventures and Better Capital. NABVENTURES has a corpus of Rs.500 crore. Jai Kisan plans to invest the money to expand operations and also to invest in the technology platform. Jai Kisan offers a platform that focuses on providing credit along with a suite of financial products to rural India. It partners with equipment dealers, agriculture retailers and market linkage platforms to provide credit to farmers in agriculture, poultry and dairy. The whole idea of Jai Kisan is to ensure rightly-priced credit to rural borrowers. Most rural borrowers tend to be at the mercy of moneylenders who charge usurious rates of interest. These loans also help farmers to build their credit profile and credit history, which will be useful later on when they access institutional credit.