Government encouraging start-ups in agriculture to enhance income of farmers, provide employment to youth: Narendra Singh Tomar

Government encouraging start-ups in agriculture to enhance income of farmers, provide employment to youth: Narendra Singh Tomar

New Delhi: The authorities is encouraging start-ups within the discipline of agriculture to reinforce the earnings of farmers and offering employment alternatives to youth, mentioned Union Agriculture and Farmers’ Welfare Minister Narendra Singh Tomar right here on Friday (July 31).

Tomar mentioned the Agriculture Ministry is funding start-ups below the innovation and agripreneurship element of Rashtriya Krishi Vikas Yojana, and within the first section (2020-21), 112 startups within the space of agro-processing, meals expertise and worth addition shall be funded for a sum of Rs 1185.90 lakhs. This fund shall be launched in instalments to contribute in enhancing the earnings of farmers, he added. 

The Union Agriculture Minister said that as emphasised by the Prime Minister Shri Narendra Modi, new expertise within the discipline of agriculture and allied sectors by start-ups and agripreneurship needs to be promoted. Therefore, below the Rashtriya Krishi Vikas Yojana, the innovation and agripreneurship element has been promoted. 

Tomar additionally confused on the necessity to make agriculture aggressive, present handholding to agriculture-based actions and undertake new expertise on the earliest. Emphasizing on rising personal funding within the discipline of agriculture, the minister has drawn consideration to the necessity for worth addition and start-ups, in keeping with an official assertion.

In maintaining with these initiatives of the Government of India to spice up agriculture and allied actions and provides an impetus to the agricultural economic system, the Rashtriya Krishi Vikas Yojna (RKVY) which goals at strengthening infrastructure in agriculture and allied areas, has been revamped, the assertion mentioned.

Under the revamped scheme, a element Innovation and Agri-entrepreneurship Development programme has been launched with a purpose to promote innovation and agripreneurship & startups by offering monetary help and nurturing the incubation ecosystem. 

DAC&FW has chosen 5 Knowledge Partners (KPs) as Centres of Excellence and 24 RKVY-RAFTAAR Agribusiness Incubators (R-ABIs) from throughout the nation after a nation-wide commercial and a rigorous choice course of.

These start-ups have been skilled for 2 months at 29 agribusiness incubation centres (KPs & RABIs) unfold throughout India. These start-ups will result in employment to youth. Besides, they, instantly and not directly, will contribute to enhancing the earnings of farmers by offering alternatives to them, the assertion mentioned. For extra particulars on Agri-entrepreneurship, RKVY web site: https://rkvy.nic.in could also be visited.