The Union Ministry of Agriculture and Farmers’ Welfare, Rural Development and will promote 112 startups in the area of agro-processing, food technology and value addition during 2020-21. In the first phase, the government will offer a fund of Rs. 11.85 crore for their development. This fund will be released in instalments. These start-ups have been trained for two months at 29 agribusiness incubation centres across India.
According to a press release from the Union Ministry of Agriculture, these start-ups will lead to employment to youth, besides directly and indirectly contributing to enhancing the income of farmers by providing opportunities.
Narendra Singh Tomar, Union Agriculture Minister, claimed in the release that the government accorded very high priority to the agriculture sector. In order to contribute directly and indirectly to enhancing the income of farmers by providing opportunites to them and to provide employment to youth, startups were being encouraged. Under the Rashtriya Krishi Vikas Yojana, the innovation and agripreneurship component is being promoted.
The Ministry had launched the Innovation and Agri-entrepreneurship Development Programme to promote innovation and agripreneurship and startups by providing financial support and nurturing the incubation ecosystem. It had selected five knowledge partners as Centres of Excellence and 24 Agribusiness Incubators from across the country.
For more details on agri-entrepreneurship, visit https://rkvy.nic.in