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03/09/24 | 10:22 pm | Agrisure scheme

Government launches AgriSure scheme to transform agricultural sector

Union Agriculture Minister Shivraj Singh Chouhan launched the Agrisure Scheme, Tuesday. This initiative aims to advance the agricultural and rural start-up ecosystem in India, marking a crucial step towards improving the nation’s agricultural landscape.

The Agrisure Fund, established with a mixed capital investment of ₹750 crore, will focus on technology-driven, high-risk, and high-impact ventures. The fund’s composition includes a ₹250 crore contribution from the Government of India, ₹250 crore from NABARD, and an additional ₹250 crore from banks, insurance companies, and private investors.

During the launch, Shivraj Singh Chouhan highlighted the transformative potential of the Agrisure Scheme. He stated, “The launch of the Agrisure Fund is part of our effort to ensure that every farmer in India receives the necessary technological support to thrive.”

Prosperous Farmers, Prosperous Economy: Agriculture Minister

The Agriculture Minister reiterated that the prosperity of farmers is key to a thriving national economy. He reaffirmed the government’s commitment to supporting the agricultural community.

As part of the event, the Agrisure Greenathon Awards were presented to innovative start-ups developing technology-focused solutions to address challenges faced by farmers. The top three start-ups—Greensapio, Krishi Kanti, and Ambronics—were recognized as the winner, first runner-up, and second runner-up, respectively.

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Last Updated: 3rd Oct 2024