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HomeAgroPolicyUnion Budget 2023: Govt announces Agriculture Accelerator Fund to encourage start ups

Union Budget 2023: Govt announces Agriculture Accelerator Fund to encourage start ups

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The fund is aimed at building innovative and effective agritech solutions for farmers to improve access to market linkages and yields.

Finance Minister Nirmala Sitharaman today announced in her Union Budget 2023 speech that an Agriculture Accelerator Fund will be set up to encourage agritech start-ups. An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs and agri startups in rural areas.

Sitharaman said that the fund is aimed at building innovative and effective agritech solutions for farmers to improve access to market linkages and yields.

“The fund will aim at bringing innovative and affordable solutions for challenges faced by farmers. It will also bring in modern technology to transform agricultural practices, increase productivity and profitability,” said the finance minister.

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