Government Promotes Innovation with New Initiatives for Agriculture Start-Ups, Says Ministry of Agriculture & Farmers Welfare

dailyeducation

Administrator
Staff member
Ministry-of-Agriculture-Farmers-Welfare.png


The state-wise list of agriculture start-ups in the country supported under “Innovation and Agri-Entrepreneurship Development” programme of Rashtriya Krishi Vikas Yojana (RKVY) is given below:

The details of State/UT-wise agriculture start-ups in the country supported under “Innovation and Agri-Entrepreneurship Development” RKVY.

Sl. No.States and UTsTotal number of startups
1Andhra Pradesh61
2Arunachal Pradesh13
3Assam49
4Bihar48
5Chhattisgarh79
6Goa2
7Gujarat47
8Haryana84
9Himachal Pradesh33
10Jammu & Kashmir24
11Jharkhand7
12Karnataka211
13Kerala97
14Madhya Pradesh68
15Maharashtra226
16Manipur22
17Meghalaya2
18Mizoram25
19Nagaland2
20Odisha61
21Punjab52
22Rajasthan66
23Tamil Nadu137
24Telangana98
25Tripura13
26Uttar Pradesh86
27Uttarakhand32
28West Bengal17
29Delhi NCR41
30Andman and Nicobar1
31Chandigarh3
32Pondicherry1
Total1708

The Government of India is committed to promote Agri-startups by providing financial and technical support to agri-startups in agriculture and allied sectors. Ministry of Agriculture & Farmers’ Welfare (MoA& 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 set up for training & incubation of agri-startups and implementation of this programme.

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. Start-ups are trained and incubated by these Knowledge Partners (KPs) and RKVY Agribusiness Incubators (R-ABIs) set up under the programme. Government of India organizes 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.

Besides, Ministry of Agriculture & Farmer’s Welfare, Government of India has approved to set up an Agri Accelerator Fund of INR 300 crore for 3 years commencing from 2023-24 to nurture the agriculture start-up ecosystem. The Agri Accelerator Fund will help scale up start- ups with innovative technologies having the potential to modernize the agriculture ecosystem of the country.

So far, 1708 agri startups in various field of agriculture & allied sector have been supported with technical and financial assistance of Rs. 122.50 crores released in installments to various KPs and R-ABIs from 2019-20 to 2023-24 for funding these start-ups under the “Innovation and Agri-Entrepreneurship Development” programme under RKVY.

Agri-start-ups supported under the programme are at various stage of implementation from idea to scaling and growth stage. These agri-startups are working in different areas of agriculture & allied sectors such as precision agriculture, farm mechanization, agri logistics & supply chain, waste to wealth, organic farming, animal husbandry, dairy & fisheries, etc. The emerging technologies and products developed by Agri- startups are providing various affordable and innovative solutions by modernizing farming techniques in agriculture and allied sectors in the country. These startups are leveraging cutting-edge technology, data analytics, and sustainable practices to address the various challenges faced by traditional farming methods.
 
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock