NABARD and govt launch Rs 750 Cr AIF fund to support agri-startups

Quick Summary:

Out of the total corpus, Rs 300 crore will be directly invested in startups, while Rs 450 crore will be used to support venture investors operating in agriculture and allied sectors.

This is why we have launched AgriSure,” said Shivraj Singh Chouhan, Minister of Agriculture and Farmers Welfare of India, at the fund’s launch.“If there are good ideas, this government will work to nurture and support these startups,” he added.

The fund is designed to operate for 10 years, extendable by two or more years.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Farmers Infrastructure Fund Policy Nabard Privacy Crore Agriculture Startups Investors Support

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 11:12:36 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 270 words

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Sentences: 16 lines

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News ID: 22345966

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