Government of India plans to allocate 750 crores for “AgriSURE” to support agriculture and allied sectors

The Indian government is planning to launch a new initiative called the Agriculture Startup and Rural Enterprises Fund (AgriSURE) to support entrepreneurs in the agriculture sector.

As indicated in an official statement, the initiative will involve investments through a sector-agnostic Category II Investment Fund (AIF) worth Rs 750 crore.

This fund will provide debt and equity support to startups operating in agriculture and related sectors. It focuses specifically on high-risk, high-impact businesses within the agriculture value chain.

Information about the AgriSURE Fund was shared during a pre-launch stakeholder meeting held at NABARD headquarters in Mumbai.

The meeting was attended by key stakeholders, including financial institutions, investors, AIF managers and agri-business start-ups. It was an important step forward in launching the fund.

One of the highlights of the event was the speech by Ajeet Kumar Sahu, Deputy Secretary, Department of Agriculture and Farmers Welfare.

He highlighted the fund’s potential to create a supportive ecosystem for agricultural financing and highlighted the benefits that small and marginal farmers could derive from innovative financing methods.

Further, NABARD Chairman Shaji KV emphasised the importance of collaboration between the public and private sectors in leveraging technological innovations to drive the next phase of growth in agriculture.

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