The Indian government is set to introduce a new initiative called the ‘Agri Fund for Startups and Rural Enterprises’ (AgriSURE), aimed at supporting entrepreneurs in the agricultural sector. 

As outlined in an official statement, the initiative will involve investments through a sector-agnostic Category-II alternative investment fund (AIF) amounting to Rs 750 crore. 

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

The announcement regarding the AgriSURE fund was made during a pre-launch stakeholder meeting held at the NABARD Headquarters in Mumbai. 

Key stakeholders, including financial institutions, investors, AIF managers, and agri-startups, attended the meeting, marking a significant step forward in the launch of the fund.

One of the event’s highlights was the address by Ajeet Kumar Sahu, the Joint Secretary of the Department of Agriculture and Farmers Welfare. 

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

Additionally, NABARD Chairman Shaji K V underscored the importance of collaboration between the public and private sectors in leveraging technological innovations to drive the next growth phase in agriculture. 

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