AgriSURE Fund:
The Union Minister for Agriculture and Farmers’ Welfare and Rural Development launched the AgriSURE Scheme in New Delhi.
- AgriSURE Fund for Start-ups & Rural Enterprises (AgriSURE) is an innovative fund which is a pioneering step toward revolutionizing the agricultural landscape in India.
- It mainly focuses on technology-driven, high-risk, high-impact ventures.
- It is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
- A Blended capital fund of ₹750 crore with SEBI Registered Category II, Alternative Investment Fund (AIF), contributions from the Government of India is ₹250 crore, NABARD is ₹250 crore and ₹250 crore is being mobilized from banks, insurance companies and private investors.
- Its main focus areas include promoting innovative, technology-driven initiatives in agriculture, enhancing the farm produce value chain, creating new rural ecosystem linkages and infrastructure, generating employment and supporting Farmers Producer Organisations (FPOs).
- The fund would encourage entrepreneurshipthrough IT-based solutions and machinery rental services for farmers, driving sustainable growth and development in the agricultural sector.
- NABVENTURES a fully owned subsidiary of NABARD will act as the fund manager.
