New Delhi, Sep 3 (Agency) The Government on Tuesday launched a Rs 750 crore “AgriSURE” fund for start-ups and rural enterprises for revolutionizing the agriculture landscape in the country The Rs 750 crore is a “blended capital” with SEBI Registered Category II, Alternative Investment Fund (AIF), with contributions of Rs 250 crore each from the Government of India, NABARD and same amount is being mobilized from banks, insurance companies, and private investors. Launching the Fund, Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Shivraj Singh Chouhan said this 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. In his address, 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. He further advocated that farmers’ prosperity will lead to a prosperous economy as farmers start spending their fortune on consumption and that farming is the backbone of the country with farmer being the life blood.
Chouhan further elaborated on the government’s commitment to supporting the farming community, stating, “Our vision is to empower every farmer and the launch of the AgriSURE Fund is a testament to our unwavering dedication to the agricultural sector.” The government will relentlessly strive towards ensuring increased production, reduced cost of production for farmers, remunerative prices for farmers, crop diversification, preventing post-harvest loss and safe guard during crop loss through crop insurance