NEWS – The Government of India is set to launch the ‘Agri Fund for Start-Ups & Rural Enterprises’ (AgriSURE) aimed at supporting startups and agripreneurs through innovative financing solutions

HIGHLIGHTS

Sustainable Agriculture and Green Solutions Hackathon

• Commenced during the prelaunch stakeholder meet in Mumbai.
• Designed to foster innovation in agriculture.
• Focuses on smart agriculture, agri-waste utilization, and regenerative agriculture practices.

Category-II Alternative Investment Fund (AIF)

• A Rs 750 crore fund to be established.
• Supported by the Department of Agriculture and Farmers Welfare and NABARD.
• Additional Rs 250 crores to be raised from financial institutions.

Objectives of AgriSURE

• Provide equity and debt investments to startups and agripreneurs.
• Foster innovation and sustainability in the agriculture sector.
• Support high-risk, high-impact activities across the agriculture value chain.

Fund Management

• NABVENTURES, a subsidiary of NABARD, appointed as fund manager.
• Fund designed to operate for 10 years, extendable as needed.

Stakeholder Engagement

• Stakeholder meet attended by key officials and stakeholders.
• Emphasis on public-private collaboration for agricultural growth.
• Focus on leveraging technology and creating rural infrastructure.