Laying a road map for innovation in the agricultural sector of India, Union Agriculture Minister Shivraj Singh Chouhan inaugurated the AgriSURE Fund and Krishi Nivesh Portal in New Delhi on Tuesday. This is intended for funding the new innovative ideas that can complement improve agriculture in the country, for new start-ups. This has been aided by a large commitment by the government of 7000 crore Rupees towards the funding of this program up to now. Such funding is targeted toward the agricultural value chain and seeks to support numerous activities with a high-risk factor but potentially with high returns.
AgriSURE Fund Empowers Start-ups to Transform Agriculture
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Through intervention in these areas, the government seeks to achieve significant changes that can lead to improvement of productivity, efficiency and sustainable use of resources in the agricultural sector. AgriSURE Fund is a designated source of funding aimed at supporting startups focused on the development of breakthrough solutions to address problems in the sphere of agriculture. Whether it is in the adoption of new technologies, in the enhancement of sustainable practices or in the issue of market access, the fund will go a long way in offering support to these start-ups to increase the scale and impact of their operations at the next level in the area.
On a related note, the Krishi Nivesh Portal, therefore, is an online platform that is aimed at linking start-ups to investors, government departments, and other stakeholders in the agri-food system. This website will act as a central point where information, support, and opportunities will be provided to start-ups, simplifying the process of operation and providing access to resources in this intricate context. The government, through these programs, is therefore up for the challenge of rejuvenating innovation and entrepreneurship in the agricultural sector, the most important sector in the Indian economy. Through the creation of the AgriSURE Fund and the Krishi Nivesh Portal, the future of agriculture in India is set to transform for the better with the support of start-ups.
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