NABARD announces ₹750 crore ‘Agri SURE’ fund to promote innovation in agriculture.

NABARD announces ₹750 crore ‘Agri SURE’ fund to promote innovation in agriculture.

NABARD announces ₹750 crore ‘Agri SURE’ fund to promote innovation in agriculture.

NABARD announces ₹750 crore ‘Agri SURE’ fund to promote innovation in agriculture.

Agri SURE’ fund (Agri fund for Start-Ups & Rural Enterprises)

  • Objective: Support start-ups and entrepreneurs in agriculture and allied sectors.

Financial Structure:

  • Rs 750 crore Category-II Alternative Investment Fund (AIF).
  • Contribution: Rs 250 crore each from NABARD and Ministry of Agriculture; remaining Rs 250 crore from other institutions.

Investment Focus:

  • Investments in sector-specific, sector-agnostic, and debt AIFs.
  • Direct equity support to agri start-ups.
Target:

  • Support approximately 85 agri start-ups.
  • Investment sizes up to Rs 25 crore per start-up.

Focus Areas:

  • Promote innovation and technology-driven solutions in agriculture.
  • Enhance farm produce value chains and rural ecosystem linkages.
  • Generate employment and support Farmers Producer Organisations (FPOs).

Implementation:

  • Managed by NABVENTURES, a subsidiary of NABARD.
  • Encourage IT-based solutions and machinery rental services for farmers.

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