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Friday / June 14. 2024
HomeAgroPolicyAssam Govt and Caspian Equity to launch 250 cr fund for investment in agriculture

Assam Govt and Caspian Equity to launch 250 cr fund for investment in agriculture

With a corpus of INR 250 crore, AAIF is a unique sector-specific fund that will mainly invest in small and medium enterprises in Assam

Caspian Impact Investment AdviserPvt. Ltd. (Caspian Equity) signed an MoU with Assam Rural Infrastructure and Agricultural Services (ARIAS) Society, an autonomous body under the Government of Assam. Under the partnership, ARIAS will be the anchor investor for the Assam Agribusiness Investment Fund (AAIF), which will be managed by CaspianEquity as the fund manager. With anchor funding from the World Bank through Assam Rural Infrastructure and Agricultural Services (ARIAS) Society, AAIF will operate as a Category II Alternative Investment Fund registered with the Securities and Exchange Board of India (SEBI).

The Assam Agribusiness Investment Fund (AAIF) is planned with a corpus of INR 250 crore and aims to strengthen the rural ecosystem, foster agricultural productivity, and increase employment opportunities in the state through risk capital investments in SMEs.

With a corpus of INR 250 crore, AAIF is a unique sector-specific fund that will mainly invest in small and medium enterprises in Assam, India. The fund will support high-growth and high-impact agribusiness SMEs for vibrant and resilient agribusiness/agri-food value chains in Assam

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