India has collaborated with the United States to set up the first-ever national security semiconductor fabrication plant in the country.
AgriSURE Scheme
Overview
The Union Minister for Agriculture and Farmers’ Welfare and Rural Development has launched the AgriSURE Scheme to revolutionize agriculture in India through innovation and support for start-ups in rural and agricultural sectors.
AgriSURE Fund (Agri Fund for Start-ups & Rural Enterprises)
Objective
Revolutionize agriculture in India by fostering innovation and supporting start-ups in rural and agricultural sectors.
Focus Area
Technology-driven, high-risk, high-impact ventures in agriculture.
Funding Pattern
- Total Fund: ₹750 crore
- Government of India: ₹250 crore
- NABARD: ₹250 crore
- Banks, insurance companies, and private investors: ₹250 crore
Key Focus Areas
- Promote technology-driven initiatives in agriculture.
- Enhance the farm produce value chain.
- Create new rural ecosystem linkages and infrastructure.
- Support Farmers Producer Organisations (FPOs).
- Generate employment through IT-based solutions and machinery rental services for farmers.
Management
NABVENTURES (a subsidiary of NABARD) acts as the fund manager.