Union Agriculture Minister Shivraj Singh Chouhan on 3 September launched the AgriSURE scheme in New Delhi.
Key points
- AgriSURE – Agri Fund for Start-ups & Rural Enterprises is an innovative fund which is a pioneering step toward revolutionizing the agricultural landscape in India.
- This initiative aims to advance the agricultural and rural start-up ecosystem in India, marking a crucial step towards improving the nation’s agricultural landscape.
- With the introduction of the AgriSURE fund, the government aims to further drive investments in the agriculture sector that will empower farmers and boost the rural economy through accelerating accessible and affordable innovative solutions.
- A Blended capital fund of ₹750 crore with SEBI Registered Category II, Alternative Investment Fund (AIF), contributions from the Government of India is ₹250 crore, NABARD is ₹250 crore, and ₹250 crore is being mobilized from banks, insurance companies, and private investors.
- With a focus on technology-driven, high-risk, high-impact ventures, AgriSURE is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
- As part of the launch event, the Agrisure Greenathon Awards were presented to innovative start-ups developing technology-focused solutions to address challenges faced by farmers. The top three start-ups—Greensapio, Krishi Kanti, and Ambronics—were recognized as the winner, first runner-up, and second runner-up, respectively.
