AgriSURE Fund

About AgriSURE Fund:

• Agri Fund for Start-ups & Rural Enterprises (AgriSURE) is an innovative fund which is a pioneering step toward revolutionizing the agricultural landscape in India.
• Focus area: It mainly focuses on technology-driven, high-risk, high-impact ventures.
• It is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
• Funding Pattern: A Blended capital fund of ₹750 crore with SEBI Registered Category II, Alternative Investment Fund (AIF), contributions from the Government of India is ₹250 crore, NABARD is ₹250 crore, and ₹250 crore is being mobilized from banks, insurance companies, and private investors.
• Its main focus areas include promoting innovative, technology-driven initiatives in agriculture, enhancing the farm produce value chain, creating new rural ecosystem linkages and infrastructure, generating employment and supporting Farmers Producer Organisations (FPOs).
• The fund would encourage entrepreneurship through IT-based solutions and machinery rental services for farmers, driving sustainable growth and development in the agricultural sector.
• NABVENTURES a fully owned subsidiary of NABARD will act as the fund manager.

Q1: What are Alternative Investment Funds (AIFs)?

It is a special investment category that differs from conventional investment instruments. AIF is any fund established in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, both Indian or foreign, for investing.

Source: Union Agriculture Minister Shri Shivraj Singh Chouhan Launches AgriSURE Fund