New Delhi: In a significant development for the agricultural sector, Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Shivraj Singh Chouhan, launched the AgriSURE Scheme in New Delhi.
AgriSURE – Agri Fund for Start-ups & Rural Enterprises is an innovative fund which is a pioneering step toward revolutionizing the agricultural landscape in India.
With a focus on technology-driven, high-risk, high-impact ventures, AgriSURE is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
A Blended capital fund of Rs 750 crore with SEBI Registered Category II, Alternative Investment Fund (AIF), contributions from the Government of India is Rs 250 crore, NABARD is Rs 250 crore, and Rs 250 crore is being mobilized from banks, insurance companies, and private investors.
In his keynote address, Shivraj Singh Chouhan highlighted the transformative potential of the newly launched initiatives. The Minister mentioned that, the launch of the AgriSURE Fund is a continuation of previous efforts of the government to ensure that every farmer in India has the technological support needed to thrive.
With the introduction of the AgriSURE fund, the government aims to further drive investments in the agriculture sector that will empower farmers and boost the rural economy through accelerating accessible and affordable innovative solutions.