Minister of state for agriculture Bhagirath Choudhary reported that in the current fiscal year alone, approximately US$17.6 million was distributed to 532 startups. The programme offers up to US$6,000 for early-stage ideas and up to US$30,000 at the seed stage, enabling startups to scale and deliver innovative solutions.
A transformative boost to agricultural entrepreneurship occurred in July 2023 with the launch of the US$89.5 million “Agri-Sure” fund. Introduced by the ministry of agriculture, this initiative seeks to attract investment in tech-driven, high-impact ventures. The fund is expected to support around 85 startups with investments of up to US$3 million each.
Agri-Sure is designed to advance the agricultural value chain, establish rural ecosystem linkages, and support Farmers Producer Organisations while promoting IT-based solutions, including machinery rental services.
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