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.
![Government to Launch 'AgriSURE' Fund Boosting Agricultural Innovation](https://devdiscourse.blob.core.windows.net/aiimagegallery/13_07_2024_13_37_50_1946057.png)
- Country:
- India
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.)
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