Centre Launches INR 750 Cr AgriSURE Fund To Back Agritech Startups

Centre Launches INR 750 Cr AgriSURE Fund To Back Agritech Startups

SUMMARY

The SEBI-registered Category II AIF will support startups by offering both equity and debt funding to agritech and rural area-focussed startups

While the Centre and NABARD will pump INR 250 Cr each, the remaining INR 250 Cr will be mobilised from banks, insurance companies, and private investors

The agriculture ministry also launched an integrated agri-investment portal Krishi Nivesh, with an aim to centralise investment opportunities and agri-related information

The union agriculture ministry on Tuesday (August 3) launched an INR 750 Cr ‘AgriSURE’ fund (Agri Fund for Start-ups & Rural Enterprises) to back agritech and rural area-focussed startups. 

The fund is a Securities and Exchange Board of India (SEBI)-registered Category II alternative investment fund (AIF) which will support startups by offering both equity and debt funding. 

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