Nabventures, a subsidiary of National Bank for Agriculture and Rural Development (NABARD) has announced a ₹700-crore venture capital fund for investments in agriculture, food and rural-focused startups. The fund has a proposed corpus of ₹500 crore with an option to retain over-subscriptions of ₹200 crore. Till now, NABARD has contributed ₹273 crore to 16 alternate investment funds.