In September 2024, Union Agriculture Minister Shivraj Singh Chouhan launched the ‘AgriSure’ fund, a Rs 750-crore initiative aimed at providing financial support to agritech startups and agripreneurs. The fund seeks to transform India’s agriculture sector by fostering innovation, improving productivity, and supporting rural enterprises.
The ‘AgriSure’ fund, officially known as the Agri Fund for Startups & Rural Enterprises (AgriSURE), is designed to offer both equity and debt capital to agritech ventures. The scheme aims to support approximately 85 agriculture startups, with each eligible for investments of up to Rs 25 crore. It will provide financial backing through direct investments and contributions to Alternative Investment Funds (AIFs), targeting various sectors within the agriculture value chain.
AgriSURE’s focus is on driving innovation, sustainability, and rural infrastructure development. The fund prioritizes high-risk, high-impact activities that can lead to significant changes in the agriculture sector. The funding will cover diverse areas, including agritech solutions, machinery rental services, and IT-driven solutions, all of which are critical for empowering farmers and boosting agricultural productivity.
The fund’s total corpus is Rs 750 crore, with contributions from NABARD and the Ministry of Agriculture. It will also support Farmers Producer Organisations (FPOs) and rural infrastructure, creating employment opportunities in rural areas. The scheme has a 10-year duration, with a potential two-year extension.
AgriSURE is set to enhance India’s agricultural landscape, benefiting both farmers and rural communities by improving the agricultural value chain and boosting rural enterprises.
