It is necessary to strengthen India's agricultural sector, which plays a crucial role in the country's economy, by launching the AgriSURE Scheme, an important initiative designed to support agricultural start-ups and rural businesses.
AgriSURE Fund: what is it?
The AgriSURE Fund, also known as the Agri Fund for Start-ups & Rural Enterprises, is a special fund of ₹750 crore. Funds are provided by the Indian government, NABARD (National Bank for Agriculture and Rural Development), banks, insurance companies, and private investors. Its goal is to provide support for agricultural ventures that are both risky and will have a high impact, as well as new agricultural technologies and ideas.
AgriSURE's Key Goals: What are they?
In order to help farmers, the AgriSURE Fund aims to introduce new technologies and innovative solutions.
Farming costs should be lowered.
Ensure farmers receive fair prices for their crops.
Plant a variety of crops.
Prevent farmers from losing crops due to unforeseen circumstances.
How do the AgriSURE Greenathon Awards work?
As part of the AgriSURE Fund launch, the government also introduced the AgriSURE Greenathon Awards. The awards recognize start-ups that are solving significant agricultural value chain challenges. Ambronics, Krushikanti, and Greensapio were the top three start-ups awarded for their impactful solutions out of 2000 applicants.
The AgriSURE Fund
Established in 2016, the AgriSURE Fund aims to drive progress in agriculture through financial aid and innovation incentives. It provides capital to agri-tech startups, with a specific focus on projects in developing economies. Prioritizing climate resilience, the fund supports sustainable methods such as precision farming. Additionally, it collaborates with local governments to enhance food security and extends mentorship to emerging entrepreneurs. Committed to environmental conservation and increased agricultural output, the fund frequently incorporates eco-friendly farming techniques into its initiatives.
