| Initiative Name | Agri Fund for Start-Ups & Rural Enterprises (AgriSURE) |
| Objective | To support start-ups and agripreneurs by investing in sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs), and providing direct equity support to start-ups in agriculture and allied sectors. |
| Fund Type | Category-II Alternative Investment Fund (AIF) |
| Fund Size | ₹750 crore |
| Funding Breakdown | - ₹250 crore from NABARD - ₹250 crore from the Ministry of Agriculture - ₹250 crore from other institutions |
| Fund Manager | NABVENTURES (a wholly-owned subsidiary of NABARD) |
| Fund Duration | 10 years, extendable by two or more years |
| Focus Areas | - Innovation in agriculture - Enhancing the farm produce value chain - Creating rural infrastructure - Generating employment - Supporting Farmers Producer Organizations (FPOs) - Encouraging IT-based solutions and machinery rental services for farmers |
| Announcement Event | Pre-Launch Stakeholder meet at NABARD Headquarters, Mumbai |
| Key Attendees | - Shri Ajeet Kumar Sahu, Joint Secretary, DA&FW - Shri Shaji K.V., Chairman, NABARD - Shri Govardhan Singh Rawat, DMD, NABARD - Dr. Ajay Kumar Sood, DMD, NABARD |
| Highlights from Announcement | - Shri Ajeet Kumar Sahu emphasized the fund's potential to enhance financing for the agriculture sector, benefiting small and marginal farmers. - Shri Shaji K.V. highlighted the need for public and private sector collaboration to drive agricultural growth through technological innovations. |
| AgriSURE Greenathon 2024 | A hackathon to address: - "Smart Agriculture on a Budget" - "Turning Agri-Waste into Profitable Business Opportunities" - "Tech Solutions Making Regenerative Agriculture Remunerative" |
| Call for Participation | Invitation to young innovative minds to contribute to India's journey towards 'Viksit Bharat' with innovative solutions for agricultural challenges. |
| NABARD Overview | - Full Name: National Bank for Agriculture and Rural Development - Established: 1982 - Headquarters: Mumbai, Maharashtra, India - Role: Apex development bank for sustainable and equitable agriculture and rural development - Subsidiaries: NABVENTURES, NABARD Consultancy Services (NABCONS), etc. - Initiatives: KCC, SHG, RIDF, Watershed Development Program, etc. |
