The Centre has disbursed ₹122.50 crore to over 1,700 agri-startups in the past five years under the Innovation and Agri-Entrepreneurship Development programme, Parliament was informed on Tuesday.
Minister of State for Agriculture Bhagirath Choudhary, in a written reply to the Lok Sabha, stated that financial assistance of ₹122.50 crore had been provided to 1,708 agri-startups from 2019-20 to 2023-24.
The funds were channelled through five Knowledge Partners (KPs) and 24 RKVY Agribusiness Incubators (R-ABIs), which offer training and incubation support to startups under this programme.
During 2023-24 alone, approximately ₹147.25 crore was released to 532 startups.
Under the scheme, financial assistance of up to ₹5 lakh is provided at the idea/pre-seed stage and up to ₹25 lakh at the seed stage to entrepreneurs and startups in agriculture and allied sectors. This support enables them to launch their products, services, or business platforms and scale up operations.
The programme, launched in 2018-19 under the Rashtriya Krishi Vikas Yojana (RKVY), seeks to promote innovation and agri-entrepreneurship by offering financial and technical assistance to nurture startups.
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