The Department of Subsidiaries and Strategic Investment was created on August 4, 2014 with the objective of providing
focused attention to the Subsidiaries, Strategic Investments in Companies and managing investments in Alternative
Investment Funds (AIFs).
Core Functions
- To guide and monitor all financial, developmental and policy related aspects of the Subsidiaries of NABARD.
- To make Strategic Investments in the form of Equity in the companies engaged in Agriculture and Rural
Development Sectors.
- To give a fillip to sustainable and equitable growth in agriculture, agro processing, industry and services
sectors in rural areas, making contribution to professionally managed SEBI registered Alternative Investment
Funds (AIFs) under Categories I and II, having exposure to Agriculture and Rural Sectors.
- To formulate and review policies for the various investment activities of the Department.
Investment in NABARD’s Subsidiaries
NABARD has seven subsidiaries established to further its mandate. The Subsidiaries
contribute significantly in supporting NABARD’s objectives and expanding the impact
in rural and agricultural development through financing the rural MSMEs, FPOs, SHG
& JLGs, micro-credit facility, providing credit guarantee, investing in rural start-ups
and providing consultancy in all spheres of agriculture, innovating in rural
development and allied areas.
The total investment in the share capital of the seven subsidiaries stood at Rs.604.7 crore
as on 31 March 2024. NABARD received a dividend of Rs. 7.53 crore from NABKISAN
Finance Limited (NABKISAN), Rs.2.26 crore from NABSAMRUDDHI Finance Limited
(NABSAMRUDDHI), Rs.10.20 crore from NABFINS Limited (NABFINS) and Rs.0.10
crore from NABARD Consultancy Services Private Limited (NABCONS) in FY 2023-
24.
| Shareholding in subsidiaries of NABARD |
(Rs in Crore) |
| Name of subsidiary |
Year of inception |
Share capital |
Shareholding of NABARD (%) |
Investments by NABARD |
| NABARD Consultancy Services Private Limited |
2003 |
5.00 |
100 |
5.00 |
| NABFINS Limited |
1997 |
161.66 |
63.10 |
102.01 |
| NABKISAN Finance Limited * |
1997 |
171.48 |
87.77 |
227.57* |
| NABSAMRUDDHI Finance Limited* |
1997 |
123.82 |
91.09 |
145.06* |
| NABVENTURES Limited |
2018 |
25.00 |
100 |
25.00 |
| NABFOUNDATION |
2019 |
50.00 |
100 |
50.00 |
| NABSANRAKSHAN Trustee Private Limited |
2020 |
50.00 |
100 |
50.00 |
Note:* Including premium
Strategic Investments and Returns
NABARD has strategically invested in equity of companies involved in agriculture and
rural development sectors. These investments aim to support institutions that
contribute to agricultural and rural development, whether through direct
interventions or indirectly by mitigating agriculture risks, facilitating market access,
providing essential digital services, upgrading skills and improving credit accessibility
through specialized institutional mechanisms.
Till 31 March 2024, NABARD had invested Rs.1106.23 crore in ten companies operating
in the agriculture and rural development space. During FY2023-24, NABARD received
a dividend of Rs.23.69 crore from four companies viz. Small Industries Development
Bank of India (20%, Rs.10.64 crore), Agriculture Insurance Company of India Limited
(20%, Rs.12.00 crore), Multi Commodity Exchange of India Limited (191%, Rs.0.72 crore)
and Common Service Centres e-governance (6%, Rs.0.33 crore).
| Sr. No. |
Name of the Company |
Year of investment |
NABARD’s investment (Rs. crore) |
Stake (%) |
| 1 |
AFC India Ltd. |
FY 2000 |
1.00 |
6.67 |
| 2 |
Agriculture Insurance Company of India Ltd. (AICIL) |
FY 2004 |
60.00 |
30.00 |
| 3 |
Small Industries Development Bank of India (SIDBI)* |
FY 2003 & 2018 |
966.28 |
9.36 |
| 4 |
National Commodity and Derivatives Exchange Ltd. (NCDEX)* |
FY 2004 |
16.88 |
11.10 |
| 5 |
Multi Commodity Exchange of India Ltd. (MCX) |
FY 2006 |
0.30 |
0.74 |
| 6 |
CSC e Governance Services India Ltd. (CeGSIL)* |
FY 2016 |
9.75 |
9.44 |
| 7 |
National E-Governance Services Ltd. (NESL) |
FY 2017 |
1.50 |
2.00 |
| 8 |
Agriculture Skill Council of India (ASCI) |
FY 2017 |
0.004 |
4.00 |
| 9 |
National E-Repository Ltd. (NERL) |
FY 2018 |
10.53 |
13.00 |
| 10 |
Open Network for Digital Commerce (ONDC) |
FY 2022 & FY 2024 |
40.00 |
5.31 |
| TOTAL |
1106.24 |
|
Note: * Including premium
Investing in Alternate Investment Funds
NABARD is contributing to SEBI registered Alternate Investment Funds to encourage
entrepreneurship in existing or new activities for catering to agriculture and rural
development, to facilitate development of income generating sustainable units for
emulation by rural people and to promote technological innovations and technology
dissemination in agricultural and rural sectors. As on 31 March 2024, the total
commitment by NABARD stood at Rs 729.02 crore in 31 funds as compared to
commitment of Rs 634.02 crore in 25 funds as on 31 March 2023. During FY 2023-24,
NABARD has committed Rs 95 Cr to 6 Funds. An amount of Rs 503.26 crore has been
disbursed till date. The Funds drew a total of Rs 103.20 crore and refunded a capital of
Rs 15.05 crore, during the year with a capital gain of Rs 7.10 crore and other income
including dividend of R s5.73 crore.
Other Initiatives
- A Seminar on ‘Harnessing Opportunities: NABARD transforming AgriLandscape’ was organised by NABARD on 06
March 2024 at Mumbai to
provide a common platform to Venture Capitalist, Industry experts, CEO of
Incubation centres, Agri Start-ups Founder and Incubates for discussion on
Challenges and issues faced by Agri Start-ups was organised during the year.
- NABARD together with NABVENTURES Ltd, a wholly owned subsidiary of
NABARD, had organised a meet of Portfolio Companies to develop a synergy
between the functioning of those portfolio companies and NABARD operations.
- To incorporate effective Corporate Governance in Subsidiaries, NABARD
organised a workshop on Capacity Building of Nominee Directors/ MDs/CEOs
of its Subsidiaries on 31 July 2023 at NBSC, Lucknow.
Contact Information
R P Singh
Chief General Manager
Department of Subsidiaries and Strategic Investments (DSSI)
NABARD, Head Office
2nd Floor, ‘A’ Wing
Plot: C-24, 'G' Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400 051
Tel: 022-68120084
E-mail Address: dssi@nabard.org
Information under RTI – Section 4(1)(b)