• UGI USER
  • Sep 03, 2024
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AGRICULTURE MINISTER LAUNCHES AGRISURE FUND AND PORTAL

Why in the news?

Union Agriculture Minister Shivraj Singh Chouhan is launching the AgriSURE Fund and Krishi Nivesh Portal, alongside presenting AIF Excellence Awards to promote agricultural infrastructure and investment.

About the Launch of AgriSURE Fund and Krishi Nivesh Portal:

  • Union Agriculture Minister Shivraj Singh Chouhan will launch the AgriSURE Fund and Krishi Nivesh Portal in New Delhi on September 3rd .
  • These initiatives aim to boost agricultural investments and enhance infrastructure for farmers.
  • The launch event will include participation from Ministers of State and representatives from various States and Banks.

AIF Excellence Awards

  • The Agriculture Infrastructure Fund (AIF) Excellence Awards will be conferred by Union Agriculture Minister Shivraj Singh Chouhan to top-performing banks and states.
  • The awards recognize exceptional efforts in implementing agricultural infrastructure projects.
  • The ceremony is expected to motivate other banks to improve their contributions to the scheme’s success.
source:UGI
About Agriculture Start-up and Rural Upliftment Endeavor(  “Agri-SURE” ):

  • Fund Creation: NABARD established the Rs 750 crore Agri-SURE fund to support technological solutions and innovations in agriculture, managed by NABVENTURES.
  • Financial Structure: NABARD, the Ministry of Agriculture, and other organisations each contributed Rs 250 crore, reflecting strong public-private collaboration.
  • Objectives: Aims to enhance the farming value chain by investing in 85 agribusiness start-ups and Alternative Investment Funds (AIFs), with investments up to Rs 25 crore each.
  • Focus Areas: Supports tech-based projects, IT solutions, and machinery rental to improve productivity, connectivity, and rural infrastructure.

About Krishi Nivesh Portal:

  • Launched by: Ministry of Agriculture and Farmers Welfare
  • Purpose: One-stop solution for investors interested in agriculture and allied sectors in India.
  • Features: Details on ease of doing business, market entry strategies, and regulatory frameworks.

Objectives:

  • Boost investments in India’s agriculture sector.
  • Simplify the investment process.
  • Explore potential across various agricultural sub-sectors.
  • Provide guidance on major infrastructure.
  • Offer information on state and central government schemes, policies, and incentives.

Associated Article:

https://universalinstitutions.com/nabard-unveils-%E2%82%B9750-crore-fund-for-agri-innovation/