Recently, the Union Minister for Agriculture and Farmers’ Welfare and Rural Development launched the AgriSURE Scheme in New Delhi.
About AgriSURE Fund:
Agri Fund for Start-ups & Rural Enterprises (AgriSURE) is an innovative fund which is a pioneering step toward revolutionizing the agricultural landscape in India.
Focus area: It mainly focuses on technology-driven, high-risk, high-impact ventures.
It is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
Funding Pattern: 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.
Its main focus areas include promoting innovative, technology-driven initiatives in agriculture, enhancing the farm produce value chain, creating new rural ecosystem linkages and infrastructure, generating employment and supporting Farmers Producer Organisations (FPOs).
The fund would encourage entrepreneurshipthrough IT-based solutions and machinery rental services for farmers, driving sustainable growth and development in the agricultural sector.
NABVENTURES a fully owned subsidiary of NABARD will act as the fund manager.
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