Government to Launch 'AgriSURE' Fund Boosting Agricultural Innovation

The government is set to introduce the 'Agri Fund for Startups and Rural Enterprises' (AgriSURE), a Rs 750 crore initiative to support agripreneurs. The fund aims to promote innovation and sustainability in agriculture through debt and equity support. The announcement was made at a stakeholder meet in Mumbai.

The government is set to introduce the 'Agri Fund for Startups and Rural Enterprises' (AgriSURE), aiming to bolster agripreneurs with a substantial Rs 750 crore Category-II Alternative Investment Fund (AIF).

This initiative will provide both equity and debt support, targeting high-risk, high-impact activities in the agriculture value chain, as per an official statement released on Friday.

The announcement was made during a pre-launch stakeholder meeting at NABARD Headquarters in Mumbai, which saw participation from key financial institutions, investors, AIF managers, and agri-startups.

(With inputs from agencies.)