Description

The AgriSURE Fund, officially known as the Agri Fund for Start-ups & Rural Enterprises, is a ₹750 crore initiative launched by the Government of India to support agritech startups and rural enterprises. Here's what you need to know about the fund: Key Features: - Objective: Foster innovation and sustainability in India's agricultural sector by providing financial support to startups and agripreneurs. - Focus Areas: Enhance farm produce value chain, create rural infrastructure, generate employment, and support Farmer Producer Organizations (FPOs). - Investment: Offer both equity and debt financing to eligible startups. - Fund Manager: NABVENTURES, a wholly-owned subsidiary of NABARD, will manage the fund ¹ ². Fund Structure: - Total Corpus: ₹750 crore, contributed by: - Government of India: ₹250 crore - NABARD: ₹250 crore - Other Institutions: ₹250 crore - Duration: 10 years, extendable by 2 years - Type: Category-II Alternative Investment Fund (AIF) registered with SEBI