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Government plans to launch Rs 750 cr fund to promote startups and rural enterprises

Economic TimesEconomic Times · 4m
Government plans to launch Rs 750 cr fund to promote startups and rural enterprises

The Indian government is launching the 'Agri Fund for Startups and Rural Enterprises' (AgriSURE), a Rs 750 crore Category-II alternative investment fund (AIF), to support agripreneurs and promote innovation and sustainability in the agricultural sector. The fund will provide both equity and debt support to high-risk, high-impact activities in the agriculture value chain. The announcement was made at a pre-launch stakeholder meet attended by key stakeholders, including financial institutions, investors, AIF managers, and agri-startups. The initiative aims to enhance financing for the agricultural sector and drive growth through technological innovations.

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Comments

Yash Kulshrestha
Yash Kulshrestha

Great initiative by the government. Now we'll be able to see some revolutionary businesses in this sector.

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4 months ago

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