Published on Jul 17, 2024
Current Affairs
Agri SURE fund
Agri SURE fund

❖ NABARD has announced an Agri fund for Start-Ups & Rural Enterprises (AgriSURE), 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, sectoragnostic, 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