Encouragement to Agri-Startups in Rural Areas

Encouragement to Agri-Startups in Rural Areas

• The Government of India, Department of Agriculture & Farmers' Welfare (DA&FW) is implementing “Innovation and Agri-Entrepreneurship Development” programme under Rashtriya Krishi Vikas Yojana (RKVY) from 2018-19 with an objective to promote innovation and agri-entrepreneurship by providing financial support and nurturing an incubation ecosystem in the country. This Department has appointed five Knowledge Partners (KPs) and twenty-four RKVY Agribusiness Incubators (R-ABIs) from across the country for incubation of startups and implementation of this programme.

• Start-ups are trained and incubated at various Knowledge Partners (KPs) and RKVY Agribusiness Incubators (R-ABIs) appointed under the programme across the country. Technical and financial assistance is provided to startups to launch their products, services, business platforms, etc into the market and facilitate them to scale up their products and operations to attain business viability.

• Besides, KPs and R-ABIs are promoting these startups by linking them with various institutions and organizations for their product & technology validation, certification, etc. Government of India organizes various national level programmes including agri-startup conclave, agri fair and exhibitions, webinars, workshops to serve as a platform for the promotion of agri startups by linking them with various stakeholders.

• Under the programme, a financial support up to Rs. 5.00 lakh is provided at the idea/pre seed stage and up to Rs. 25 lakh at the seed stage. So far, a total of 1176 agri startups have been supported under the programme with financial assistance of Rs. 75.25 crores.

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Published date : 22 Jul 2023 06:00PM