Monday, August 3, 2020

Government of India encouraging start-ups in the field of agriculture.

The Union Government accords very high priority to the agriculture sector. In order to contribute directly and indirectly to enhancing the income of farmers by providing opportunites to them and to provide employment to youth, start-ups are being encouraged.    Union Minister for Agriculture and Farmers Welfare, Rural Development and Panchayati Raj Shri Narendra Singh Tomar stated that as emphasised by the Prime Minister Shri Narendra Modi, new technology in the field of agriculture and allied sectors through start-ups and agripreneurship should be promoted. Therefore, under the Rashtriya Krishi Vikas Yojana, the innovation and agripreneurship component has been promoted. For the year 2020-21, in the first phase, 112 startups in the area of agro processing, food technology and value addition will be funded for  a sum of Rs. 1185.90 lakhswhich will contribute to enhancing the income of farmers. 

112 Startups selected by different knowledge partners and agribusiness incubators in the area of Agro-processing, Food Technology and Value addition will be funded in the first phase for a sum of Rs. 1185.90 lakh. This fund will be released in installments. These start-ups were trained for two months at 29 agribusiness incubation centres (KPs & RABIs) spread across India. These start-ups will lead to employment to youth. Besides, they, directly and indirectly, will contribute to enhancing the income of farmers by providing opportunities to them. For more details on Agri-entrepreneurship, RKVY website: https://rkvy.nic.in may be visited.

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