Number of Agri startups jumps manifold to over 7,000 in last nine yrs: FAIFA report
Millennium Post Delhi|Delhi 16 May 2024
During the nine years, there has been a 300% jump in budget allocation for agriculture. t has gone up from Rs 30,000 crore to Rs 1.3 lakh crore
Number of Agri startups jumps manifold to over 7,000 in last nine yrs: FAIFA report

The number of startups in agriculture and allied sectors has risen to over 7,000 in the last nine years due to a conducive business environment and government support, a report said.

Before 2014-15, there were less than 50 startups in agriculture and allied sectors, according to a report titled "Transformation of India's Agriculture' released by the Federation of All India Farmer Associations (FAIFA) on Wednesday.

The Department of Agriculture & Farmers' Welfare (DA&FW) is implementing the 'Innovation and Agri-Entrepreneurship Development' programme under Rashtriya Krishi Vikas Yojana (RKVY) from 2018-19 to promote innovation and agri-entrepreneurship by providing financial support and nurturing an incubation ecosystem.

This story is from the Delhi 16 May 2024 edition of Millennium Post Delhi.

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This story is from the Delhi 16 May 2024 edition of Millennium Post Delhi.

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