Agri-Business Incubation Centre set up in Chhattisgarh

Union Agriculture Ministry has set up an Agri Business Incubation Centre in Chhattisgarh. The centre has been set up by Agriculture Ministry in Indira Gandhi Agriculture University of Raipur, Chhattisgarh.

About Agri Business Incubation Centre

Agri Business Incubation Centre is set up under National Agriculture Development Scheme- RAFTAAR (Remunerative Approaches for Agriculture and Allied sector Rejuvenation).

It is established to focus on innovations, skill building and entrepreneurs development in agriculture and allied sectors.

It will also act as catalyst for developing an ecosystem conducive for growth of agripreneurship (i.e. entrepreneurship in agriculture) in state and foster a start-up culture.

About National Agriculture Development Scheme- RAFTAAR

Background: In November 2017 Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, approved continuation of Rashtriya Krishi Vikas Yojana (or National Agriculture Development Scheme) as Rashtriya Krishi Vikas Yojana- Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) for a period of 3 years i.e. 2017-18 to 2019-20

Objective: To make farming a remunerative economic activity by strengthening farmer’s effort, risk mitigation and promoting agribusiness entrepreneurship.

Mandate: Under the scheme, guidance, technology and infrastructure will be provided to youth and entrepreneurs for start-ups in different areas of agriculture.

Continuation of RKVY-RAFTAAR will therefore keep momentum of agriculture and allied sector growth.

Month: Current Affairs - July, 2019