The government is gearing up to introduce the ‘Agri Fund for Startups and Rural Enterprises’ (AgriSURE), a strategic move aimed at supporting agripreneurs and stimulating innovation and sustainability within the agricultural sector.
Fund Overview
- Name: Agri Fund for Startups and Rural Enterprises (AgriSURE)
- Type: Category-II alternative investment fund (AIF)
- Total Allocation: Rs 750 crore
- Objective: To support startups in agriculture and allied sectors through both equity and debt investments, focusing on high-risk, high-impact activities.
Announcement Details
- Event: Pre-launch stakeholder meeting
- Location: NABARD Headquarters, Mumbai
- Date: Friday
Participants
- The event saw attendance from various key stakeholders including financial institutions, investors, AIF managers, and agri-startups.
Key Statements
- Ajeet Kumar Sahu, Joint Secretary, Department of Agriculture and Farmers Welfare:
- Emphasized the fund’s potential to revolutionize financing in the agriculture sector through innovative approaches, benefiting small and marginal farmers significantly.
- Shaji K V, NABARD Chairman:
- Highlighted the necessity for robust public and private sector collaboration to drive agricultural growth through technological innovations.
The launch of AgriSURE is expected to catalyze the growth of agripreneurship in India, ensuring enhanced support for high-risk ventures and driving substantial improvements in the agricultural value chain.