The initiative targets to support sectors like seeds, fertilisers, warehousing, soil nutrients, harvest/post-harvest crop management, and food processing units
The Uttar Pradesh government has launched a plan to enhance the state’s agricultural value by investing approximately Rs 3,800 crore in agricultural start-ups.
The initiative targets to support sectors like seeds, fertilisers, warehousing, soil nutrients, harvest/post-harvest crop management, and food processing units. The scheme covers agricultural and horticultural crops along with allied farm activities such as pisciculture, sericulture, and food processing.
The state intends to approve a minimum of five agricultural ventures and start-ups each month in all 75 districts. By streamlining the loan process, the government hopes to extend the benefits of the scheme to over 3,000 agricultural entrepreneurs and young farmers.
The funding for this endeavour will be sourced from the Centre’s Agriculture Infrastructure Fund (AIF) scheme, which focuses on investing in medium- and long-term community agricultural assets at the local level. To be eligible for a credit line from designated commercial banks, the project must have a value exceeding Rs 1 crore.
