NEWS – Union Agriculture Minister Shri Shivraj Singh Chouhan Launches AgriSURE Fund

HIGHLIGHTS

What is the AgriSURE Fund?

• Acronym – The Agri Fund for Start-ups & Rural Enterprises
• Purpose: To support technology-driven start-ups and rural enterprises in agriculture.
• Goal: Transform and boost India’s rural economy through advanced solutions.

Background of AgriSURE Fund

• Introduction: Proposed in the Budget Speech for 2022-23 by the Finance Minister.
• Need: Emphasized the necessity of a fund with blended capital.
• Focus Areas:
  • Finance start-ups in agriculture.
  • Support Farmer Producer Organizations (FPOs).
  • Enhance farm-level machinery rentals and tech solutions.
• Establishment: Sponsored by Government of India and NABARD.

Structure and Management of the Fund

• Total Corpus: Rs 750 crore.
  • Government of India: Rs 250 crore.
  • NABARD: Rs 250 crore.
  • Other Institutions (private investors): Rs 250 crore.
• Registration: Category-II Alternative Investment Fund (AIF) with SEBI.
• Management: NABVENTURES Ltd. (wholly-owned subsidiary of NABARD).