- The Indian government will launch the Rs 750 crore ‘AgriSURE Fund’ to support startups in agriculture and related industries through sector-neutral investments and direct equity support.
- The fund aims to foster sustainability and innovation in agriculture by creating a Category-II Alternative Investment Fund, targeting high-risk, high-impact operations within the agricultural value chain.
- During the pre-launch meeting at NABARD Headquarters, key stakeholders, including financial institutions and agri-startups, discussed the fund’s potential to enhance financing for agriculture and benefit marginal and small farmers.
Major Boost for Startups! Govt Set to Launch Rs 750 Crore AgriSURE Fund
The Indian government is set to unveil the ‘Agri Fund for Startups and Rural Enterprises’ (AgriSURE), aiming to provide significant support to agripreneurs.
The fund, valued at Rs 750 crore, will offer sector-neutral investments, debt alternative investment funds (AIFs), and direct equity support to startups in agriculture and related industries.
The initiative aims to foster sustainability and innovation within India’s agriculture sector by creating a Category-II Alternative Investment Fund (AIF).
This fund, according to Financial Express, will target high-risk, high-impact operations within the agricultural value chain, providing both financial and equity support.
The announcement was made during a pre-launch stakeholder meeting held on Friday at NABARD Headquarters in Mumbai.
The event saw participation from key stakeholders, including financial institutions, investors, AIF managers, and agri-startups.
Ajeet Kumar Sahu, Joint Secretary of the Department of Agriculture and Farmers Welfare, highlighted the potential of the fund to create an ecosystem that enhances financing for the agriculture industry through innovative methods, benefiting marginal and small farmers.
NABARD Chairman Shaji K V emphasized the importance of public-private sector collaboration to elevate agricultural growth through technological advancements.
This fund is expected to play a crucial role in transforming India’s agriculture sector, promoting entrepreneurship, and driving growth in rural areas.
