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“AgriSURE – Agri Fund for Start Ups & Rural Enterprises” fund is aimed at boosting farm-sector startups.
- Krishi Nivesh Portal is an Integrated, centralized one stop Portal for all Agri- investors to avail benefits from various Government schemes.
About AgriSURE Fund
- It was announced in the 2022-23 Budget.
- It will be established as a Rs 750 crore Category-II Alternative Investment Fund (AIF), offering both equity and debt support.
- AIF is any Indian-incorporated privately pooled investment vehicle that collects funds from sophisticated investors to invest according to a defined investment policy for its investors.
- Contributions include ₹250 Crores each from NABARD and the Ministry of Agriculture, and ₹250 Crores from other institutions, including private investors.
- NABVENTURES Ltd., a wholly owned subsidiary of NABARD is the Investment Manager to the Fund.
- The Fund has two schemes
- AgriSURE – FoF Scheme: provide funding support to Category I and Category II Alternative Investment Funds (AIFs) that make onward investments in Start-ups.
- AgriSURE – Direct Scheme: direct equity investment in early-stage Start-ups.
- Significance: foster innovation in agriculture, enhance the value chain of farm produce, create and improve rural infrastructure, generate employment opportunities and support and develop IT-based solutions.
Challenges of Rural startups
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