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Source- This post on Launch of AgriSURE Fund and Krishi Nivesh Portal has been created based on the article “Union Minister Shri Shivraj Singh Chouhan to launch AgriSURE Fund & Krishi Nivesh Portal and confer Greenathon AIF Excellence Awards tomorrow at New Delhi” published in “PIB” on 3rd September 2024.
Why in News?
The Union Minister of Agriculture and Farmers’ Welfare and Rural Development recently launched the AgriSURE Fund and the Krishi Nivesh Portal at PUSA, New Delhi. The launch aims to enhance agricultural investment and infrastructure through the AgriSURE Fund and provide a comprehensive platform for agricultural investments via the Krishi Nivesh Portal.
About AgriSURE Fund
1.The AgriSURE Fund is a new initiative by the Indian government aimed at supporting agricultural start-ups and rural enterprises.
2. Objective- To provide comprehensive support to agripreneurs by establishing a financing ecosystem that offers both equity and debt options, enhancement of the farm produce value chain, creating rural infrastructure, generating employment, and supporting farmers’ producer organizations.
3. Funding Pattern– The initial corpus of ₹750 crore, funded by the Ministry of Agriculture, NABARD, and other financial institutions, is managed by NABVENTURES, a wholly owned subsidiary of NABARD.
4. Significance:
i) Using information technology in agriculture will boost labor productivity and increase income and profits for small and marginal farmers, who constitute 85% of the farming population.
ii) As food prices have been a major factor in inflation, boosting agricultural productivity will enhance food availability at affordable prices and ease pressure in macroeconomic management.
About Krishi Nivesh Portal
| Aspects | Description |
| About | The Krishi Nivesh Portal serves as a centralized, one-stop platform for agricultural investors to access various government schemes and benefits. |
| Launched | It was launched on December 5, 2022. |
| Aim | To streamline the investment process and enhance transparency, making it easier for both domestic and international investors to contribute to India’s agricultural growth |
| Key features | i) Investors can find information and apply for multiple government schemes related to agriculture and allied sectors. i) The portal provides guidelines for market entry strategies, regulatory frameworks, and steps to set up operations in India. iii) Special provisions and training programs are available to empower women in agriculture. |
About Agriculture Infrastructure Fund (AIF)
1. The AIF scheme is to provide medium to long-term debt financing for developing post-harvest management infrastructure and community farming assets.
2. Aim: This initiative seeks to enhance agricultural productivity, reduce post-harvest losses, and improve farmers’ income by supporting the creation of modern infrastructure facilities across the agricultural value chain.
3. Objectives: To mobilize investment in agricultural infrastructure projects that are crucial for post-harvest management, including cold storage, packaging, logistics, warehousing, and more.
By providing financial incentives and support, the scheme seeks to encourage private sector investment in these critical areas, ultimately leading to improved efficiency and profitability for the agriculture sector.
Key features
1. The scheme provides subsidized loans to agri-entrepreneurs, FPOs, SHGs, cooperatives, and state agencies for infrastructure development.
2. Eligibility has been expanded to include APMCs, federations of FPOs, SHGs, and state agencies.
UPSC Syllabus: Indian Economy
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