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Agri SURE fund
July 17 , 2024
9 hrs 0 min
24
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- NABARD has announced an Agri fund for Start-Ups & Rural Enterprises (Agri-SURE), with initial corpus of ₹750 crore.
- NABARD and the Ministry of Agriculture are contributing ₹250 crore each, the rest ₹250 crore is from other institutions.
- The fund is structured to support about 85 agri start-ups with investment sizes of up to ₹25 crore each by the end of its term.
- The fund will provide support through investments in sector-specific, sector-agnostic, and debt alternative investment funds (AIFs), as well as direct equity support to start-ups.
- NABARD has also launched the AgriSURE Greenathon 2024.
- This hackathon will address the issues like the high cost of advanced agriculture technologies, transforming agricultural waste into profitable ventures, and making regenerative agriculture economically viable.
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