The Indian government has unveiled the AgriSURE Scheme, a significant initiative aimed at supporting agricultural start-ups and rural enterprises. This scheme is pivotal in strengthening India’s agricultural sector, which is crucial to the nation’s economy.
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What is the AgriSURE Fund?
The AgriSURE Fund, officially known as the Agri Fund for Start-ups & Rural Enterprises, is a dedicated fund of ₹750 crore. It is a collaborative effort involving the Indian government, NABARD (National Bank for Agriculture and Rural Development), banks, insurance companies, and private investors. The fund is designed to support high-risk, high-impact agricultural ventures, fostering innovation and technology in farming.
Key Goals of the AgriSURE Fund
The primary objectives of the AgriSURE Fund are to:
- Reduce farming costs.
- Ensure fair crop prices for farmers.
- Promote crop diversification.
- Shield farmers from losses due to unforeseen events.
What are the AgriSURE Greenathon Awards?
In conjunction with the AgriSURE Fund, the government has introduced the AgriSURE Greenathon Awards. These awards celebrate start-ups that address critical challenges in the agricultural value chain. Among 2,000 applicants, the top three winners—Greensapio, Krushikanti, and Ambronics—were honored for their innovative and impactful solutions.
About the AgriSURE Fund
Established in 2016, the AgriSURE Fund is dedicated to providing financial backing and encouraging innovation within agriculture. It supports agri-tech start-ups by offering capital, particularly for projects in developing regions. The fund emphasizes climate resilience and sustainable practices such as precision farming. It collaborates with local governments to enhance food security and provides mentorship to emerging entrepreneurs. The fund’s projects often focus on eco-friendly farming practices, demonstrating a commitment to environmental protection while enhancing agricultural productivity.
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