Government plans to launch Rs 750 cr fund to promote startups and rural enterprises

The government is poised to launch the ‘Agri Fund for Startups and Rural Enterprises’ (AgriSURE) to support agripreneurs. Investments through the fund will be sector-agnostic, and debt alternative Investment Funds (AIFs), as well as direct equity support to start-ups working in Agriculture and allied sectors, an official statement said on Friday.

This initiative aims to foster innovation and sustainability in India’s agricultural sector through the establishment of a Rs 750 crore Category-II alternative investment fund (AIF), it said.