Govt to spend ₹ 11.85 crore for funding 112 agri start-ups this year: Tomar

Must Read

To promote agri firms, Agriculture Minister Narendra Singh Tomar on Friday said the government will fund 112 start-ups in the first phase with a sum of ₹ 11.85 crore in the current financial year.

The funds will be given to the start-ups selected by different knowledge partners and agribusiness incubators in the area of agro-processing, food technology and value addition, he said.

The funds will be provided under the Innovation and Agri-entrepreneurship Development Programme launched under the revamped Rashtriya Krishi Vikas Yojana (RKVY).

“In the first phase, 112 start-ups in the area of agro processing, food technology and value addition will be funded for a sum of ₹ 11.85 crore,” Mr. Tomar said in a statement.

The funds will be released in instalments and the selected start-ups have been trained for two months at 29 agribusiness incubation centres spread across India, he said.

These start-ups will lead to employment opportunities for the youth. Besides, they, directly and indirectly, will contribute to enhancing the income of farmers by providing opportunities to them, he added.

The government has identified five knowledge partners as centres of excellence and 24 RKVY-RAFTAAR agribusiness incubators (R-ABIs) from across the country after a nationwide advertisement and a rigorous selection process.

Emphasising on increasing private investment in agriculture, Mr. Tomar said his vision is to attract the youth to agriculture and rejuvenate the sector.

He also stressed the need to make agriculture competitive, provide handholding to agriculture-based activities and adopt new technology at the earliest.

Tomar also recalled that Prime Minister Narendra Modi – earlier in the month while reviewing the progress of agriculture research, extension and education in India – had emphasised on promoting start-ups and agri-entrepreneurs to ensure innovation and use of technology in agriculture and allied sectors.

Mr. Modi had also directed that hackathons may be organised twice a year to solve identified problems and meet design needs for tools and equipment that can reduce drudgery in farming activity, the minister added.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link

Popular

Assam’s Dibrugarh University Teacher Arrested For Sharing Porn Video: Police

During interrogation, the accused confessed to the crime. (Representational)Dibrugarh: An assistant professor in Assam's Dibrugarh University was arrested today for allegedly uploading pornographic content...

JK Tyres suspends operations in Mysuru temporarily

JK Tyres and Industries, one of the leading tyre manufacturers in the country, has suspended operations at its facilities in Mysuru after more than...

TDS Rule Amendment : IT Department seeks more disclosure in form

NEW DELHI : After introducing new TDS (tax deducted at source) rates for high-value cash withdrawals from banks, the income tax department has now...

Donald Trump Suspends H-1B, Other Visas Till Year End

Issuing the proclamation, Trump has ignored the mounting opposition to the order (File)Washington: US President Donald Trump has issued a proclamation to suspend issuing...

Northern districts put on high alert

Northern districts of the State have been put on alert for torrential rain on Sunday also. Idukki, Wayanad, and Malappuram can expect extremely heavy...

Latest Articles