Home » India Launches Rs 750-Crore AgriSure Fund to Boost Agritech Startups and Farming Investments

India Launches Rs 750-Crore AgriSure Fund to Boost Agritech Startups and Farming Investments

by Kehinde Giwa
3 minutes read
  • Union Agriculture Minister Shivraj Singh Chouhan launched the Rs 750-crore AgriSure fund on September 3, aimed at supporting agritech startups with equity and debt capital.
  • Chouhan highlighted the need for increased public and private investment in agriculture, noting the recent approval of seven schemes worth nearly Rs 14,000 crore by the Union Cabinet.
  • The Krishi Nivesh portal was introduced to centralise investment opportunities and improve the agricultural sector, providing a comprehensive platform for stakeholders.
  • AIF Excellence Awards were presented to top-performing banks and states, with State Bank of India, Canara Bank, Bank of Baroda, Indian Bank, and Punjab National Bank receiving awards, and HDFC Bank recognised as the best-performing private sector bank.

On September 3, Union Agriculture Minister in India Shivraj Singh Chouhan unveiled the AgriSure fund, a Rs 750-crore initiative aimed at supporting agritech startups and agri-entrepreneurs. 

The fund will provide both equity and debt capital to help these businesses thrive.

Chouhan also emphasised the need for increased public and private investments in agriculture, highlighting that recent Union Cabinet approvals include seven schemes worth nearly Rs 14,000 crore. 

During the event in New Delhi, he introduced the Krishi Nivesh portal, designed to centralise investment opportunities and enhance the agricultural sector.

In addition to launching these initiatives, Chouhan presented the AIF Excellence Awards to top-performing banks and states for their contributions to the sector. 

Read Also: Village Capital Invests $850,000 in Kenyan and Nigerian Agritech Startups to Boost Africa’s Agricultural InnovationState Bank of India, Canara Bank, Bank of Baroda, Indian Bank, and Punjab National Bank were honoured, with HDFC Bank receiving recognition as the best-performing private sector bank.

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