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Government released Rs 122 crore to over 1,700 agri-startups in last 5 years: MoS Agri

Economic TimesEconomic Times · 12d
Government released Rs 122 crore to over 1,700 agri-startups in last 5 years: MoS Agri

The Indian government has allocated Rs 122.50 crore over the past five years to support more than 1,700 agri-startups through the Innovation and AgriEntrepreneurship Development program. The program, initiated in 2018-19 under the Rashtriya Krishi Vikas Yojana, aims to foster innovation and entrepreneurship in the agriculture sector by providing financial and technical assistance to startups. The funds were disbursed through Knowledge Partners and Agribusiness Incubators, facilitating the training and incubation of startups. The program offers financial aid of up to Rs 25 lakh at the seed stage to help entrepreneurs launch and scale their agriculture-related products and services.

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