GA Topper series : NABARD Subsidiaries Part 2

NABFOUNDATION

• It is a Section 8 not for profit company, promoted and fully owned by National Bank for Agriculture and Rural Development (NABARD) to execute development projects across the length and breadth of the country either on its own or in partnership with other stakeholders.
• The company has been formed newly in August 2019. The Foundation, over time, is set to evolve into a vibrant platform for executing impactful projects either on its own, or, in partnership with other stakeholders (like civil society organizations, agri-universities, Government departments and CSR outfits of both public and private organizations).
• The main objectives to be pursued by the company are to initiate, plan, execute, implement, aid and assist any/all activities listed under Schedule VII, Section 135 of Companies Act, 2013, with special focus on:

1. 1. Rural income and livelihood generation
   2. Sustainable agriculture and rural development
   3. Natural Resource Management; Adaptation and Mitigation for combating climate change
   4. Skill, marketing support and capacity development in both farm and off farm sectors
   5. Rural innovations; Gender sensitization; Financial inclusion
   6. Health, education, sanitation and housing; Drinking Water Facility; Rural infrastructure projects In addition to the above, it can take up activities in all such areas where NABARD or its subsidiaries are a stake holder/s.

NABARD Subsidiaries Part 2 in Hindi

NABCONS (NABARD Consultancy Services)

• It is a wholly-owned subsidiary of NABARD was created in 2003 to provide consultancy in all spheres of agriculture, rural development and allied areas.
• NABCONS has set its footprint across India with its Corporate office at New Delhi, Zonal Offices at Mumbai, Hyderabad and Guwahati and 29 Principal Consultant’s offices across all States.
• Adapting to business challenges and client needs, NABCONS has aligned its business areas to the ever-changing dynamics of niche sectors under its seven major verticals-Agriculture & Animal Husbandry (AAH), Food Processing & Storage (FPS), Third Party Monitoring & Infrastructure (TPM), International Business & Climate change (IB & CC), Skills for livelihood, Banking & Finance (B&F) and Socio-economic Studies (SES). The business verticals are duly supported by service verticals like HR, IT, Corporate Affairs and Civil Engineering.
• NABCONS is empanelled with multi-lateral organizations like EXIM Bank, WDRA, NIFTEM and various ministries like Ministry of Food Processing Industries, Ministry of Rural Development, and Ministry of Women & Child Development, and various State Governments and other agencies for undertaking assignments in respective areas.
• The “New Normal” post COVID-19, has witnessed a rapid shift in adoption of new technologies across various sectors. NABCONS has been able to foresee the new opportunities and has contracted assignments like Geotagging of Agri-Storage Infrastructure, Enterprise Architecture, setting up of GIS cell, Mandi Management Information System in HP, etc. Furthermore, the organization has revamped its IT infrastructure in keeping with the expected demand from various industries.
• With a vision to emerge as the leading organization in providing consultancy and project management services for the development of agriculture and allied sector, the company is scouting emerging business opportunities through collaboration with other knowledge partners, emphasizing on more market visibility and networking, coming up with thematic and sectoral papers, using blockchain and digital ledgers in the traceability of selected agro-commodities and more. Dedicating itself to the motto of ‘Wisdom beyond Business’, in the years to come, NABCONS shall continue to be driven by innovation, better operational efficiency, greater clientele focus and smart strategy.

ABVENTURES LIMITED

• NABVENTURES Limited is a wholly owned subsidiary of NABARD. NABVENTURES is the Investment Manager of NABVENTURES Fund I with a target corpus of INR 500 crore. The fund focus on investments in early to mid-stage start-ups in agriculture, agtech, agri-biotech, food, agri/rural fintech and rural businesses.
• The focus areas of the Fund would include:
  • Agriculture
    • Biotech in food and agriculture
    • Agtech
    • Animal husbandry
    • Fisheries
    • Agri inputs
    • Financial Services
    • Supply chain services
    • Climate resilient agriculture
    • Agri waste Management

• • Food
    • Food processing
    • Food storage
    • Food logistics
    • Supply chain monitoring solutions

• • Rural Development/Rural businesses

• • • Rural/agri focused fintech/financial services
    • Re-skilling solutions (digital)
    • Rural education (tech based solutions)
    • Rural healthcare (tech based solutions)

• The fund has secured Category II Alternative Investment Fund certificate from SEBI. The fund invests in asset-light business models, high on innovation/technology, solving large problems in agriculture, food and rural development through innovative means.
• NABARD is an anchor investor in the fund with a contribution of INR. 200 crore and the fund is still being raised.

GA Topper Series Quiz: 20 July 2022

GA Topper Series: NABARD Subsidiaries

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