Centre to fund agri start-ups under Rashtriya Krishi Vikas Yojana

112 startups to be nurtured in the year 2020-21

Image credit: Unsplash.com

Image credit: Unsplash.com

New technology in the field of agriculture and allied sectors through start-ups and agripreneurship is being promoted under the Rashtriya Krishi Vikas Yojana in order to contribute directly and indirectly to enhancing the income of farmers, stated Union Minister for Agriculture and Farmers Welfare, Rural Development and Panchayati Raj, Narendra Singh Tomar.

In the year 2020-21, in the first phase, 112 startups in the area of agro processing, food technology and value addition will be funded for an amount of Rs. 1185.90 lakhs.

The Minister also stressed on the need to make agriculture competitive, provide handholding to agriculture-based activities and adopt new technology at the earliest along with increasing private investment in agriculture.

Under the revamped Rashtriya Krishi Vikas Yojna (RKVY) scheme, an Innovation and Agri-entrepreneurship Development programme has been launched in order to promote innovation, agripreneurship & startups by providing financial support and nurturing the incubation ecosystem.

DAC & FW has selected 5 Knowledge Partners (KPs) as Centres of Excellence and 24 RKVY-RAFTAAR Agribusiness Incubators (R-ABIs) from across the country.

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