Next Big Futures, a venture capital fund that invests in startups, is launching a new rural development bank that aims to help rural entrepreneurs build rural housing.
The Rural Development Bank is a new, three-tier financial institution that will offer financial support to local rural development companies.
The Rural Development bank is a $100 million investment fund that will provide support for a variety of projects in the state of Maharashtra, which includes infrastructure, public housing, agriculture and urban development.
The fund will be a new institution in the country, said Amit Mishra, managing director of Next Big, in a statement.
Mishra, who founded the fund in 2016, said the goal is to provide financial support in a way that is both transparent and transparently aligned with the government.
The funds will be used to help companies like the ones that will develop rural housing and rural infrastructure.
Maharashtra is one of the fastest growing states in the world.
Its rural population is growing by more than 1.5 percent a year, and the state’s total land area is expected to double by 2050.
The government has been trying to boost rural development by encouraging rural enterprises and small businesses.
In a separate announcement, Next Big said it is setting up a new regional bank, called Regional Bank of India, which will help rural companies develop their businesses and create jobs.
Next Big will invest in startups from all sectors, including manufacturing, agribusiness, and services, in order to help the state grow.
The regional bank will have the resources to provide loans to companies like these, Mishra said.
The RDI will be available for borrowers to borrow at 0.25 percent, with the funds also available to small and medium enterprises (SMEs), who are not considered to be rural enterprises, according to a release.
The RBI will set up a website that will make it easier for people to access the RDI, which is expected by 2019, Mish