The Government launched a ₹750 crore fund – AgriSURE (Agri Fund for Start-Ups & Rural Enterprises) to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
The fund will offer both equity and debt support, specifically targeting high-risk, high-impact activities in the agriculture value chain.
A Blended capital fund of ₹750 crore with SEBI Registered Category II, Alternative Investment Fund (AIF), contributions from the Government of India is ₹250 crore, NABARD is ₹250 crore, and ₹250 crore is being mobilized from banks, insurance companies, and private investors.
The fund will focus on innovation in agriculture, enhancing the farm produce value chain, creating rural infrastructure, generating employment, and supporting Farmers Producer Organizations (FPOs).
The fund will also encourage IT-based solutions and machinery rental services for farmers. NABVENTURES, a wholly-owned subsidiary of NABARD, will be the Fund manager of AgriSURE. The fund is designed to operate for 10 years, extendable by two or more years.
