Govt plans to launch Rs 750 cr fund to promote startups and rural enterprises
NEW DELHI, July 13 (PTI): The government is poised to launch the ‘Agri Fund for Startups and Rural Enterprises’ (AgriSURE) to support agripreneurs.
Investments through the fund will be sector-agnostic, and debt alternative Investment Funds (AIFs), as well as direct equity support to start-ups working in Agriculture and allied sectors, an official statement said on Friday.
This initiative aims to foster innovation and sustainability in India’s agricultural sector through the establishment of a Rs 750 crore Category-II Alternative Investment Fund (AIF), it said.
