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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

  • Lack of Financial Accessibility due to reluctance of lending by financial institutions, limited availability of banking services in rural areas.
  • Entrepreneurs find it difficult to buy raw materials and other necessary resources due to connectivity and logistical constraints.
  • Lack of Technological awareness, training Programmes and comprehensive services makes it difficult for rural startups to grow.
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