Agri-Sure Fund: Eligibility, Benefits & How to Apply for Agricultural Startups
India’s agriculture sector is evolving rapidly, and innovative startups are playing a critical role in shaping the future of agribusiness and rural development.
The Agri-Sure Fund is a significant initiative aimed at investing in early-stage startups working on groundbreaking solutions in agriculture and rural development.
With a corpus of ₹300 crore, the fund provides financial assistance, equity investment, and technical support to agri-tech startups that aim to transform India’s agricultural landscape.
In this blog, we will provide you with a detailed overview of the Agri-Sure Fund, covering everything you need to know:
- What is the Agri-Sure Fund?
- Eligibility criteria for the scheme
- Focus areas supported by the fund
- Benefits of applying for the Agri-Sure Fund
- Documents required for the application
- Step-by-step guide on how to apply
Let’s dive in!
What is the Agri-Sure Fund?
The Agri-Sure Fund is a government-backed initiative designed to support early-stage startups that are focused on solving critical challenges in the agriculture and rural sectors of India.
The scheme is jointly sponsored by the Ministry of Agriculture and Farmers Welfare (MoA&FW), the Government of India (GOI), and NABARD, and is managed by NABVENTURES Ltd.
This fund is designed to invest in startups developing solutions in areas like agritech, food processing, animal husbandry, fisheries, supply chain management, and renewable energy.
The primary goal of the scheme is to encourage innovation and marketable solutions that can transform India’s agriculture industry.
Key Objectives of the Agri-Sure Fund:
- Foster innovation in the agriculture sector and rural development.
- Provide financial support to startups working on scalable, impactful solutions.
- Enable commercial viability and market access for agriculture startups.
- Encourage sustainable growth and technology adoption in the agriculture sector.
Are you an innovative startup working on agriculture or rural development solutions?
Apply now for the Agri-Sure Fund to get financial backing and business support to scale your operations!
Eligibility Criteria for the Agri-Sure Fund
To apply for the Agri-Sure Fund, your startup must meet the following eligibility criteria:
| Eligibility Criteria | Details |
|---|---|
| Startup Type | LLP, Private Limited Company, or Registered Partnership |
| Geographical Focus | The startup must be based and registered in India. |
| Technology Readiness | Startups must be in the early-stage with TRL 5+ (Technology Readiness Level) and have proof of concept. |
| Innovation | The startup must focus on innovative technologies or solutions in the agriculture and rural development sectors. |
| DPIIT Recognition | Must be a DPIIT-recognized startup. |
| Co-founders/Team Members | The founders must not own more than 10% in any other company. |
Does your startup meet the eligibility criteria? Apply today for the Agri-Sure Fund and get the financial support you need to grow your business!
Focus Areas of the Agri-Sure Fund
The Agri-Sure Fund supports startups that are developing solutions in various areas of agriculture and rural development. The key focus sectors include:
| Focus Area | Description |
|---|---|
| Agritech | Solutions that involve technology in agriculture like precision farming, data analytics, and IoT-based systems. |
| Food Processing | Innovative food processing solutions to reduce wastage, improve shelf life, and add value to agricultural products. |
| Animal Husbandry | Solutions for improving livestock productivity, healthcare, and management systems for animals. |
| Fisheries | Innovations in fish farming, aquaculture, and sustainable fishing practices. |
| Supply Chain Management | Efficient logistics, supply chain optimization, and cold storage solutions for agricultural products. |
| Farm Mechanisation | Technologies and solutions to automate farming processes, making them more efficient and scalable. |
| Biotechnology | Innovations in biotech for crop enhancement, disease resistance, and sustainable farming practices. |
| Waste Management | Solutions for waste management, including organic waste recycling and sustainable waste disposal. |
| Renewable Energy | Solar, biomass, and wind energy solutions for agriculture and rural infrastructure. |
| Agri Value Chain | Primary Cooperative Societies, Support for FPOs, and improvements in the agriculture value chain. |
Is your startup focused on agritech or food processing?
Submit your application to the Agri-Sure Fund to receive funding, mentorship, and market access!
Benefits of the Agri-Sure Fund
The Agri-Sure Fund offers several financial and non-financial benefits to support your startup:
| Benefit | Details |
|---|---|
| Financial Support | Up to ₹25 Lakhs in equity or debt funding, depending on the stage and needs of the startup. |
| Funding Options | Investment in equity, convertible preference shares, or other equity-related instruments. |
| Reinvestment Opportunity | The fund may reinvest in successful startups during future funding rounds. |
| Sustained Growth Support | Mentorship, market access, and connections to help you scale operations. |
| Pre-Series A Funding | Pre-Series A Funding available through GVFL (Gujarat Venture Finance Limited), ranging from INR 50 Lakhs to INR 3 Crore. |
| Interest Subsidy | 1% interest subsidy on loans for MSMEs under the provisions of the scheme. |
Need financial support and business guidance?
Apply for the Agri-Sure Fund and scale your startup with up to ₹25 Lakhs in funding and strategic mentorship!
Documents Required for the Agri-Sure Fund Application
To apply for the Agri-Sure Fund, you need to submit the following documents:
| Document | Details |
|---|---|
| Company Registration | Certificate of Incorporation (COI), MoA, AoA of the company. |
| DPIIT Recognition | DPIIT certificate for the startup, ensuring it is registered under Startup India. |
| Pitch Deck | A comprehensive pitch deck outlining your product, market potential, and growth plan. |
| Founders Details | Information about the founders, their backgrounds, roles, and responsibilities in the startup. |
| Financial Statements | Profit & Loss Account, Balance Sheet, and financial projections. |
| Technology/Innovation Description | Description of your product, technology, or innovation along with proof of scalability. |
Get your documents ready and apply for the Agri-Sure Fund to take your agri-startup to the next level with funding and expert guidance!
How to Apply for the Agri-Sure Fund
The application process for the Agri-Sure Fund involves the following steps:
Prepare Documents
Gather all necessary documents, including company registration, DPIIT recognition, pitch deck, founder details, financial statements, and technology description.
Submit Application
Complete and submit your application online through the official Agri-Sure Fund portal.
Application Review
Your application will be reviewed by the fund management team for eligibility and potential.
Shortlisting & Interview
Shortlisted startups will be invited for an interview or pitch presentation with the investment committee.
Funding Disbursement
Upon successful evaluation, funding will be disbursed to your startup.
Take your startup to new heights! Apply now for the Agri-Sure Fund to receive the funding and resources you need for success.
Is There a Deadline for Applying to the Agri-Sure Fund?
The Agri-Sure Fund accepts applications on a rolling basis, with specific deadlines announced annually. Keep an eye on the official portal for updates on deadlines.
Don’t miss out on financial support for your startup. Submit your application for the Agri-Sure Fund before the deadline!
Conclusion: Why Apply for the Agri-Sure Fund?
The Agri-Sure Fund offers a comprehensive package of financial support, mentorship, and market access to help agriculture startups in India scale and grow.
With funding of up to ₹25 Lakhs, equity-free grants, and reinvestment opportunities, this is a fantastic chance for innovative startups to make an impact in the agriculture sector.