Support to Agri-Tech Start ups

Support to Agri-Tech Start ups

The Government of India is committed to promote Agri-startups by providing financial and technical support to agri-startups in agriculture and allied sectors. 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 and technical support for nurturing startups ecosystem in the country. So far, 5 Knowledge Partners (KPs) and 24 RKVY Agribusiness Incubators (R-ABIs) have been appointed for training & incubation of agri-startups and implementation of this programme. The list of these 5 KPs and 24 R-ABIs is given below:

List of Knowledge Partners (KPs) and RKVY- Agribusiness Incubators (R- ABIs)

Knowledge Partners (KPs):

 

RKVY-RAFTAAR Agribusiness Incubators (R-ABIs):

 

 

Under the programme, the financial support upto Rs. 5.00 lakh is provided at the idea/pre seed stage and upto Rs. 25 lakh at the seed stage to entrepreneurs/ startups in the field of agriculture & allied sector to launch their products, services, business platforms, etc into the market and facilitate them to scale up their products and operations. Each KP and R-ABI can select a maximum 20 start-ups in each category of pre seed and seed stage in a particular year for financial assistance under Innovation and Agri-entrepreneurship programme. The fund is released in installments to the selected startups based on the recommendation given by the Committee constituted for this purpose.

Start-ups are trained and incubated by these Knowledge Partners (KPs) and RKVY Agribusiness Incubators (R-ABIs) appointed under the programme. Technical support and mentorship is provided on financial, technical, IP issues etc. Besides, Government of India organize various national level programmes including agri-startup conclave, agri fair and exhibitions, webinars, workshops to provide a platform for the promotion of agri startups by linking them with various stakeholders.

Under this programme, funds are released to KPs and R-ABIs situated in different States. The financial assistance of Rs. 111.57 crores have been released in installments to a total of 1554 agri startups through various KPs and R-ABIs from 2019-20 to 2023-24.

 This information was given by the Union Minister of Agriculture and Farmers’ Welfare, Shri Arjun Munda in a written reply in Lok Sabha today.

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