Rapid Fire
AgriSURE Scheme
- 05 Sep 2024
- 2 min read
Recently, the Union Minister for Agriculture and Farmers’ Welfare unveiled the AgriSURE (Agri Fund for Start-ups & Rural Enterprises) Scheme in New Delhi marking a significant step in transforming India’s agricultural landscape.
- The event also featured the AgriSURE Greenathon Awards, recognising top tech-driven agri-start-ups.
- AgriSURE is an innovative Rs 750 crore blended capital fund registered with Securities and Exchange Board of India as a Category II Alternative Investment Fund (AIF), with contributions from the Government of India (Rs 250 crore), National Bank for Agriculture and Rural Development (NABARD) (Rs 250 crore), and private investors (Rs 250 crore).
- It aims to fuel growth and foster innovation in the agricultural and rural start-up ecosystem, with a focus on technology-driven, high-risk, high-impact ventures.
- AgriSURE Greenathon Awards recognized the most innovative start-ups developing tech-centric solutions to address challenges faced by farmers across the agri-value chain.
- Winners include Greensapio (Winner), Krushikanti (Runner-Up), and Ambronics (Second Runner-Up) from a pool of 2000 start-ups with a total prize pool of Rs 6 lakhs.
- Initiatives Related to Agri-Tech: Digital Agriculture Mission (DAM), AgriStack, and Unified Farmer Service Platform.
Read more: 7 New Schemes to Boost Farmer Income
