Govt Mulling Setting Up Fund For Agritech

Application is open for the Govt Mulling Setting Up Fund For Agritech Startups: Piyush Goyal. It is India’s Largest D2C & Ecommerce Conference. The announcement was made by Union Minister Piyush Goyal at a virtual event on Monday. Goyal said -Technology and innovation will be the driving force behind India’s prosperity. They are looking at the significant participation of startups in defense research and development. They are also looking at creating a fund for agritech startups. It is these startups that will fuel India’s Aatmanirbhar drive

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Eligibility

In a bid to modernise the ailing agricultural sector, the Centre is mulling creating a fund specifically for agritech startups.

Benefits

In a bid to modernize the ailing agricultural sector, the Centre is mulling creating a fund specifically for agritech startups.

• It is these startups that will fuel India’s Aatmanirbhar drive: Goyal
• Earlier in her Budget speech, FM had proposed setting up a blended capital fund under the co-investment model to finance agritech startups.
• India has over 1,000 agritech startups. Last year, Indian agritech startups raised close to $684 Mn across 47 deals.