Rs 750 cr AgriSURE Fund will empower startups

New Delhi: In a pioneering step toward revolutionising the agricultural landscape in India, the government has launched the ‘AgriSURE Fund’ with a capital pool of Rs 750 crore to further drive investments that will empower farmers and boost the rural economy.

With a focus on technology-driven, high-impact ventures, ‘AgriSURE’ is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.

According to the government, it will provide a capital fund of Rs 750 crore — with SEBI Registered Category II, Alternative Investment Fund (AIF) and contributions from the government at Rs 250 crore; NABARD at Rs 250 crore and Rs 250 crore from banks, insurance companies and private investors. According to Agriculture Minister Shivraj Singh Chouhan, the ‘AgriSURE Fund’ is a continuation of previous efforts of the government “to ensure that every farmer in India has the technological support needed to thrive."