Govt Support New Start-ups In Agriculture

The Modi government, like other sectors of the economy, has decided to financially support agriculture-related startups to promote innovation in agriculture. In the first phase of the current financial year, 112 start-ups in the fields of agro-processing, food technology, and value addition will be provided by the government in installments of more than Rs 11.85 crores, this information by the Union Ministry of Agriculture and Farmers Welfare provided on Friday.

During the review of the progress of agricultural research, extension and education in India this month, Prime Minister Narendra Modi said that the farmers of the country have traditional knowledge and if this skill is combined with the skills and technology of the youth and agriculture graduates of the agriculture sector, Full capacity can be used.

This is the reason why the central government is promoting start-ups related to agriculture. Minister of Agriculture and Farmers Welfare, Rural Development and Panchayati Raj, Narendra Singh Tomar says that this sector will be rejuvenated due to increased participation of youth in agriculture and allied activities. He said that Rashtriya Krishi Vikas Yojana i.e. RKVY-Gati has been revisited with the aim of promoting agriculture and allied activities and rural economy and strengthening the infrastructure.

He said that innovation and agri-entrepreneurship development program has been added to promote innovation and agro-entrepreneurship under the scheme. Under this, more start-ups will be given financial assistance. In this regard, the Ministry has selected 5 Knowledge Partners (KPs) and 24 RKVY-Gati Agribusiness Incubators (RABIs) from across the country as Centers of Excellence. Also, 112 start-ups were selected by various knowledge partners and agribusiness incubators in the fields of agro-processing, food technology, and value addition.

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