AgriSURE Fund Empowers Startups Supporting Indian Farmers

September 4, 2024

The Indian government has launched the AgriSURE Scheme, an important initiative designed to support agricultural start-ups and rural businesses. This scheme is essential for strengthening India’s agricultural sector, which plays a vital role in the country’s economy.

What is the AgriSURE Fund?

The AgriSURE Fund, also known as the Agri Fund for Start-ups & Rural Enterprises, is a special fund of ₹750 crore. It brings together money from the Indian government, NABARD (National Bank for Agriculture and Rural Development), banks, insurance companies, and private investors. The goal of this fund is to support agricultural ventures that are both risky and have the potential for high impact, helping to bring new ideas and technology into farming.

What are the Key Goals of the AgriSURE Fund?

The main aim of the AgriSURE Fund is to help farmers by introducing new technology and innovative solutions. The government wants to:

Lower the costs of farming.
Ensure farmers get fair prices for their crops.
Encourage growing a variety of crops.
Protect farmers from losing crops due to unforeseen events.

What are the AgriSURE Greenathon Awards?

Along with the launch of the AgriSURE Fund, the government introduced the AgriSURE Greenathon Awards. These awards recognize start-ups that are solving important challenges in the agricultural value chain. Out of 2000 applicants, the top three start-ups—Greensapio, Krushikanti, and Ambronics—were awarded for their impactful solutions.

About the AgriSURE Fund

The AgriSURE Fund, which started in 2016, focuses on providing financial support and encouraging innovation in agriculture. It helps agri-tech startups by offering capital, especially for projects in developing economies. The fund emphasizes climate resilience, promoting sustainable practices like precision farming. It also works with local governments to improve food security and offers mentorship to budding entrepreneurs. The fund’s projects often include eco-friendly farming practices, showing its commitment to protecting the environment while boosting agricultural productivity.

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