The fund announced by NABVentures, a subsidiary of NABARD, has an initial corpus of Rs 750 crore with Rs 250 crore each from NABARD and the Ministry of Agriculture, and Rs 250 crore from other institutions.
The fund is structured to support approximately 85 agri startups with investment sizes of up to Rs 25 crore each at the end of its tenure. The fund will provide support through investments in sector-specific, sector-agnostic and debt Alternative Investment Funds (AIFs), as well as direct equity support to startups.
The fund was launched in the presence of Ajeet Kumar Sahu, Joint Secretary, Department of Agriculture and Farmers Welfare, Shaji K.V., Chairman, NABARD and other senior officials.
Sahu said, “Most of our farmers own small plots of land, in this ecosystem we need to focus on improving productivity, this is where technology can play a crucial role.”
NABARD Chairman said, “With this fund, we aim to support early-stage innovators and help farmers with viable, sustainable and long-lasting technology solutions.”
The fund is structured to support approximately 85 agri startups with investments of up to Rs 25 crore each at the end of its tenure. The fund will provide support through investments in sector-specific, sector-agnostic and debt Alternative Investment Funds (AIFs), as well as direct equity support to emerging companies.
Agri-Sure's focus areas include promoting innovative technology-driven initiatives in agriculture, improving the value chain of agricultural products, creating new rural ecosystem linkages and infrastructure, generating employment and support for agricultural producer organizations (FPO).
Additionally, the fund aims to foster entrepreneurship through IT-based solutions and machinery rental services for farmers, driving sustainable growth and development in the agricultural sector.
Underlining its commitment to foster innovation, NABARD launched Agri Sure Greenathon 2024. The hackathon aims to address three key problem statements: 'Smart Agriculture on a Budget', which addresses the high cost of advanced agricultural technologies that hinder farmers small and marginal; "Turning agricultural waste into profitable business opportunities", focusing on transforming agricultural waste into profitable businesses; and “Technology Solutions That Make Regenerative Agriculture Remunerative,” which aims to overcome economic barriers to the adoption of regenerative agriculture practices.
The fund is structured to support approximately 85 agri startups with investment sizes of up to Rs 25 crore each at the end of its tenure. The fund will provide support through investments in sector-specific, sector-agnostic and debt Alternative Investment Funds (AIFs), as well as direct equity support to startups.
The fund was launched in the presence of Ajeet Kumar Sahu, Joint Secretary, Department of Agriculture and Farmers Welfare, Shaji K.V., Chairman, NABARD and other senior officials.
Sahu said, “Most of our farmers own small plots of land, in this ecosystem we need to focus on improving productivity, this is where technology can play a crucial role.”
NABARD Chairman said, “With this fund, we aim to support early-stage innovators and help farmers with viable, sustainable and long-lasting technology solutions.”
The fund is structured to support approximately 85 agri startups with investments of up to Rs 25 crore each at the end of its tenure. The fund will provide support through investments in sector-specific, sector-agnostic and debt Alternative Investment Funds (AIFs), as well as direct equity support to emerging companies.
Agri-Sure's focus areas include promoting innovative technology-driven initiatives in agriculture, improving the value chain of agricultural products, creating new rural ecosystem linkages and infrastructure, generating employment and support for agricultural producer organizations (FPO).
Additionally, the fund aims to foster entrepreneurship through IT-based solutions and machinery rental services for farmers, driving sustainable growth and development in the agricultural sector.
Underlining its commitment to foster innovation, NABARD launched Agri Sure Greenathon 2024. The hackathon aims to address three key problem statements: 'Smart Agriculture on a Budget', which addresses the high cost of advanced agricultural technologies that hinder farmers small and marginal; "Turning agricultural waste into profitable business opportunities", focusing on transforming agricultural waste into profitable businesses; and “Technology Solutions That Make Regenerative Agriculture Remunerative,” which aims to overcome economic barriers to the adoption of regenerative agriculture practices.
