Government to launch AgriSURE to boost agricultural start-ups

New initiative to invest in innovation and sustainability in agriculture

July 15, 2024

AgriSURE will support start-ups and agripreneurs through sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs)

The initiative includes direct equity support for start-ups in agriculture and allied sectors

AgriSURE aims to foster innovation and sustainability in India's agricultural sector with a INR 750 crore Category-II AI

The fund will offer both equity and debt support, focusing on high-risk, high-impact activities in the agriculture value chain

The Government, in a strong commitment to the agricultural sector, is set to launch the ‘Agri Fund for Start-Ups & Rural Enterprises’ (AgriSURE) to support start-ups and agripreneurs through investments in sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs) and direct equity support for start-ups working in agriculture and allied sectors. This initiative aims to foster innovation and sustainability in India’s agricultural sector by establishing a INR 750 crore Category-II Alternative Investment Fund (AIF).

AgriSURE will provide equity and debt support, specifically targeting high-risk, high-impact activities within the agriculture value chain. The announcement was made at the Pre-Launch Stakeholder meeting held at NABARD Headquarters in Mumbai.

Source: Business Standard

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