Government launches ‘Agrisure’ fund to support Agritech startups
Union Agriculture Minister Shivraj Singh Chauhan launched a fund of Rs 750 crore named AgriSure. According to Press Trust of India, this fund will provide financial support to Agritech startups. AgriSure will support startups and agri-entrepreneurs by providing both equity and debt capital. The Union Agriculture Minister also asked the startups to utilize this fund and assured them that there will be no shortage of funds for Agritech startups.
The Union Agriculture Minister also stressed the need to increase public and private investment in the agriculture sector. Apart from this fund, the Union Cabinet on Monday, September 2 approved 7 schemes for the agriculture sector with an outlay of about Rs 14,000 crore.
Emphasis given on private investment
According to Shivraj Singh Chauhan, “There is a need not only for government but also private investment in agriculture. He further said that investment is needed to boost production and value addition in this sector. According to Chauhan, new experiments in agriculture sector. Need to do. He said that small farmers should form groups to do farming on a large scale. The Agriculture Minister also talked about the excessive use of chemical pesticides and fertilizers and stressed the need to protect the health of the soil.
Agricultural Investment Portal
Shivraj Singh Chauhan also highlighted the importance of agricultural investment portal in the program. This portal is expected to change the agriculture scenario by centralizing investment opportunities and information. According to the Agriculture Minister, this portal is a platform designed to promote agricultural businesses, attract investment and improve the income of farmers. He emphasized that the portal will prove helpful for many stakeholders including farmers, entrepreneurs and industries. Chauhan said that the portal will provide easy access to information about various central and state government schemes.
These banks got respect
The Union Agriculture Minister honored the best performing banks and states in different categories with AIF Excellence Awards, appreciating their efforts. Among public sector banks, State Bank of India, Canara Bank, Bank of Baroda, Indian Bank and Punjab National Bank received awards. At the same time, HDFC Bank was honored as the best performing bank in the private sector.
