Rs 250 cr agri fund launched in Assam to boost agribusinessAn Rs 250 crore fund has been created in Assam by multiple stakeholders, including World Bank, to promote small and medium units in the agriculture sector, officials said. Venture capital fund Caspian Impact Investment Adviser said it has joined hands with the Assam Rural Infrastructure and Agricultural Services (ARIAS) Society to roll out the agribusiness investment firm.

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The Hyderabad-based company said that according to the agreement, ARIAS will be the nodal agency for establishing and implementing a contributory and determinate trust the Assam Agribusiness Investment Fund (AAIF).

ARIAS is designated as

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the anchor investor for the AAIF, which will be managed by Caspian Equity as the fund manager.

World Bank Group Finance Sector Specialist Toshiaki Ono said that agribusiness SMEs play a vital role in this transformation but external finance, especially long-term and patient capital for their Growth, is extremely limited.