NABVENTURES Operations, Products, and Investments PDF

For Internal Use only 4. Operations During the year, all credit guarantee applications have been issued through the Credit Guarantee Portal, which has enabled faster processing of applications and reduced the turn- around-ti...

For Internal Use only 4. Operations During the year, all credit guarantee applications have been issued through the Credit Guarantee Portal, which has enabled faster processing of applications and reduced the turn- around-time. NABSanrakshan has also assigned its first CSR Project to NABFOUNDATION to Strengthen Educational Facilities of a Primary School in Palghar District, Maharashtra. 5. New Products NABSanrakshan has obtained in-principal approval from Chairman of the Board for implementation of the Partial Credit Guarantee Scheme (PCGs) for rubber, coffee and cardamom plantations under the Kerala Climate Resilient Agri Value Chain Modernisation (KERA) Project with NABSanrakshan as the Trustee and Government of Kerala as the Settlor. Government of India has approved extension of Fisheries Infrastructure Development Fund to FY 2025-26, wherein credit guarantee facility to the projects of entrepreneurs, individual farmers and cooperatives from the existing credit guarantee fund of Infrastructure Development Fund of Department of Animal Husbandry and Dairying will be provided through NABSanrakshan. 6. Others During the year the Company focused on registering the Eligible Lending Institutions and popularizing the two Schemes at pan- India level. Bank-wise capacity building workshops have been conducted for 11 Banks to increase the maximum coverage of the Credit Guarantee Scheme to the FPOs. Apart from these, sessions were held in the capacity building programme organized by BIRD/ NBSC and Regional Offices. Publicity material like pamphlets were made and distributed among the various stakeholde₹ Letters have been written to all Regional Offices of NABARD to include a session about Credit Guarantee Schemes in RO meetings with POPIs/CBBOs/DDMs/DDOs/Bankers for wider scheme promotion. 101  For Internal Use only 7. NABVENTURES NABVENTURES is a venture growth equity fund that invests in agri tech, food tech, agri/rural fintech and rural tech business at early to mid-stage. We are focused on driving transformation in these industries by providing strategic and operational insights, patient capital and access to our extensive network. 1. Highlights of 2023-24 a. The total AUM of NABVENTURES Fund-I the maiden flagship fund of NABVENTURES Limited is INR 598 crores as on March 31 2024. b. For the fiscal year ending March 31, 2024, the Fund has made investment commitments of INR 62 crore. c. The Fund focused a lot on supporting its portfolio startups through follow-on investments. d. The cumulative drawdown commitments called since inception until March 31, 2024, amount to INR 365.72 crore, representing 61% of the total corpus of INR 598 crore. e. The cumulative investment sanctioned since inception until March 31, 2024, amount to INR 320 crore, representing 60% of the deployable corpus. 2. The investee companies have created impact in the agri and rural eco-system in the following manner: a) Jai Kisan has facilitated loans worth ₹ 3,000 crore in the food and agri-business value chain across 11 states. b) Krishitantra enabled rapid soil testing for 1,00,000 farmers, and the company is an approved partner for the digital soil health card scheme of GoI. c) Vilcart linked 90,000 rural Kirana stores in 67 districts of 23,000 villages in four states through a technology platform. d) Unnati connected 17.2 lakh farmers through a network of 83,569 outlets in 181 districts for farm inputs and output aggregation. e) An app developed by Satyukt provides customised crop advisory for 80+ crops covering an area of 4 Lac acres through 200 partners based on real-time satellite and weather forecasts; the technology is used in 19 countries including India. 3. Way Forward NABVENTURES Fund I may look to make fresh and follow-on investments of around INR 200 crore during FY2024-25 An administrative approval is received from Department of Agriculture & Farmers' Welfare for Formation of a Blended Capital Support to Finance Startups for Agriculture and Rural Enterprise Relevant for Farm Produce Value Chain with a corpus of Rs 750 crores ( Agri Sure fund) which will be housed in the NABVENTURES Ltd. The modalities for operationalizing the fund are being firmed up in consultation with Agriculture & Farmers' Welfare, Dept, GoI In the last quarter of FY2024-25, NABVENTURES may announce plans for raising Fund II. 102 For Internal Use only For Internal Use only