The Agri-SURE fund is an innovative initiative launched by NABARD (National Bank for Agriculture and Rural Development) to promote investment in agriculture and rural enterprises. With an initial corpus of ₹750 crore, the fund is designed to foster growth in the agricultural sector by supporting startups that bring technological advancements and innovative solutions to rural challenges.
Startups seeking funding from the Agri-SURE initiative must demonstrate innovation within the agriculture and allied sectors. This includes technology-driven solutions that can significantly impact rural development and agricultural practices.
The Agri-SURE fund will prioritize investments in areas such as:
The Agri-SURE fund will be managed by Nabventures, ensuring that the investments align with the strategic goals of NABARD and effectively address the pressing needs of the agricultural sector.
Q1. What is Agri-SURE?
Answer: Agri-SURE is a new funding initiative by NABARD aimed at supporting innovative agricultural and rural startups through investment and mentorship.
Q2. Who is eligible for funding?
Answer: Innovative startups operating in the agriculture and allied sectors can apply for funding under the Agri-SURE initiative.
Q3. How much funding is available per startup?
Answer: Each eligible startup can receive funding of up to ₹25 crore to support their innovative projects in agriculture.
Q4. What areas will the fund focus on?
Answer: The fund will focus on technology-driven solutions that enhance agricultural practices and promote rural development.
Q5. How will the fund be managed?
Answer: The Agri-SURE fund will be managed by Nabventures, a subsidiary of NABARD, ensuring effective deployment of resources.
Question 1: What is the primary purpose of the Agri-SURE fund?
A) To promote urban development
B) To support agriculture and rural startups
C) To invest in international markets
D) To fund educational initiatives
Correct Answer: B
Question 2: Which organization manages the Agri-SURE fund?
A) NABARD
B) Ministry of Agriculture
C) Nabventures
D) Indian Council of Agricultural Research
Correct Answer: C
Question 3: How much initial corpus is allocated to the Agri-SURE fund?
A) ₹500 crore
B) ₹750 crore
C) ₹1,000 crore
D) ₹250 crore
Correct Answer: B
Question 4: What type of solutions does the Agri-SURE fund focus on?
A) Traditional farming methods
B) Technology-driven innovations
C) Non-agricultural projects
D) Urban infrastructure development
Correct Answer: B
Question 5: What is the maximum funding available for each startup under Agri-SURE?
A) ₹10 crore
B) ₹15 crore
C) ₹20 crore
D) ₹25 crore
Correct Answer: D
Question 6: Which sector is primarily targeted by the Agri-SURE fund?
A) Manufacturing
B) Information Technology
C) Agriculture and allied sectors
D) Healthcare
Correct Answer: C
Question 7: What is one focus area of the Agri-SURE fund?
A) Urban housing
B) Precision farming solutions
C) International trade
D) Urban transportation
Correct Answer: B
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