{"id":12003,"date":"2024-07-30T22:22:50","date_gmt":"2024-07-30T16:52:50","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=12003"},"modified":"2024-07-30T22:22:50","modified_gmt":"2024-07-30T16:52:50","slug":"start-up-ecosystem-in-the-agricultural-sector","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/07\/30\/start-up-ecosystem-in-the-agricultural-sector\/","title":{"rendered":"START-UP Ecosystem in the Agricultural Sector"},"content":{"rendered":"

Department of Agriculture & Farmers’ Welfare is implementing \u201cInnovation and Agri-Entrepreneurship Development\u201d programme under Rashtriya Krishi Vikas Yojana (RKVY) from 2018-19, with the objective of promoting innovation and agri-entrepreneurship, by providing financial and technical support for nurturing startups.\u00a05 Knowledge Partners (KPs) and 24 RKVY Agribusiness Incubators (R-ABIs) have been appointed for training & incubation of startups and implementation of this programme.<\/p>\n

Under the programme, financial support upto Rs. 5 lakh is provided at the idea\/pre seed stage and upto Rs. 25 lakh at the seed stage to entrepreneurs\/ startups in agriculture & allied sector to launch their products, services, business platforms, etc in the market and to facilitate them in scaling up.<\/p>\n

Start-ups are trained and incubated by the 5 KPs and 24 R-ABIs appointed under the programme.\u00a0Government 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.<\/p>\n

Financial assistance of Rs. 122.50 crore\u00a0<\/strong>have been released in installments to a total of 1708 agri startups through various KPs and R-ABIs from 2019-20 to 2023-24 under the \u201cInnovation and Agri-Entrepreneurship Development\u201d programme. The year \u2013wise details of financial support provided to startups is as under:<\/p>\n\n\n\n\n\n\n\n\n\n
Financial Year<\/td>\nTotal\u00a0 number of startups supported<\/td>\nTotal fund released to startups (in installments) Rs. in crore<\/td>\n<\/tr>\n
2019-20<\/td>\n58<\/td>\n3.13<\/td>\n<\/tr>\n
2020-21<\/td>\n588<\/td>\n27.43<\/td>\n<\/tr>\n
\u00a02021-22<\/td>\n277<\/td>\n20.34<\/td>\n<\/tr>\n
2022-23<\/td>\n253<\/td>\n24.35<\/td>\n<\/tr>\n
2023-24<\/td>\n532<\/td>\n47.25<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n1708<\/strong><\/td>\n122.50<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n

This information was given by the Union Minister of State for Agriculture & Farmers\u2019 Welfare Shri Ramnath Thakur in a written reply in Lok Sabha today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Department of Agriculture & Farmers’ Welfare is implementing \u201cInnovation and Agri-Entrepreneurship Development\u201d programme under Rashtriya Krishi Vikas Yojana (RKVY) from 2018-19, with the objective of promoting innovation and agri-entrepreneurship, by providing financial and technical support for nurturing startups.\u00a05 Knowledge Partners (KPs) and 24 RKVY Agribusiness Incubators (R-ABIs) have been appointed for training & incubation of …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[9240,7348,9239,9241,7464],"class_list":["post-12003","post","type-post","status-publish","format-standard","","category-national","tag-agri-tech-innovations","tag-agricultural-entrepreneurship","tag-agricultural-start-ups","tag-farm-technology-trends","tag-start-up-ecosystem"],"yoast_head":"\nSTART-UP Ecosystem in the Agricultural Sector - 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