Govt plans to launch Rs 750 crore fund to promote startups and rural enterprises

Govt plans to launch Rs 750 crore fund to promote startups and rural enterprises

Daily Current Affairs   /   Govt plans to launch Rs 750 crore fund to promote startups and rural enterprises

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Category : National Published on: July 15 2024

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  • The government is launching the 'Agri Fund for Start-Ups & Rural Enterprises' (AgriSURE), a Rs 750 crore Category-II Alternative Investment Fund (AIF), to support start-ups and agripreneurs, with Rs 250 crores each contributed by the Department of Agriculture & Farmers Welfare, NABARD, and financial institutions.
  • NABVENTURES, a subsidiary of NABARD, will manage the AgriSURE fund, which aims to boost rural entrepreneurship and innovation in the agricultural sector.
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