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1138 agri startups supported by Ministry of Agriculture, Govt tells Parliament
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Tuesday, 28 March, 2023, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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The Government, in a statement in Parliament, has said that a total of 1,138 agri startups are being supported by the Ministry of Agriculture, with financial assistance of Rs 70.30 crore wherein financial support of Rs 5.00 lakh is provided at the idea/pre seed stage and Rs 25 lakh at the seed stage.
“The technical and financial assistance are provided to startups to launch their products, services, business platforms, etc. into the market and facilitate them to scale up their products and operations to attain business viability,” reads the statement.
The statement added that agri-start-ups are at various stages of implementation from idea to scaling and growth stage. These agri-startups are working in different areas of agriculture & allied sectors for improving the farming practices such as precision agriculture, farm mechanisation, agri logistics & supply chain, waste to wealth, organic farming, animal husbandry and dairy & fisheries.
These startups are also being helped for their product & technology validation, market linkages, supply chain management, streamlining the distribution and scaling up of the product and operations, etc. with the help of five Knowledge Partners (KPs) and 24 Agribusiness Incubators (R-ABIs) across the country.
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