Assam Rural and Agricultural Services (ARIAS) Society, an autonomous body under the Assam government signed a Memorandum of Understanding (MoU) with the Caspian Impact Investment Adviser Pvt. Ltd. (Caspian Equity), a Venture Capital institution that invests in social impact enterprises.
This collaboration marks a significant milestone in the pursuit of strengthening rural infrastructure and fostering agricultural productivity in Assam.
Under the PARTNERSHIP, ARIAS will be the nodal agency for establishing and implementing a contributory and determinate investment trust — theAssam Agribusiness Investment Fund(AAIF).
ARIAS is designated as the anchor investor for the AAIF, which will be managed by Caspian Equity as the fund manager.
With a corpus of Rs 250 crore, AAIF is a unique sector-specific fund through a State Government in India, focusing on boosting agricultural productivity and EMPLOYMENT generation in the state. It will mainly invest in small and medium enterprises in the agribusiness and allied sectors to achieve accelerated Growth.