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Govt provides funding of Rs. 68 lakh to 7 agri- startups based at Anand Agricultural University

by Rishika Choudhury

Date & Time: Jul 15, 2022 10:00 PM

Read Time: 1 minute

The Union Ministry of Agriculture and Farmers Welfare granted Rs 68 lakh to seven agri-startups incubated at the Anand Agricultural University (AAU).

The grant was approved as part of the ministry's agribusiness incubator project, Rashtriya Krishi Vikas Yojana (RKVY) — Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RAFTAAR).

Start-up Gujarat, Student Start-up and Innovation Policy, and RKVY-RAFTAAR, which has trained more than 80 start-ups, are just a few of the start-up initiatives run by AAU. AAU Vice Chancellor Dr. K. B. Kathiria gave the selected start-ups the grant's first instalment.

Who are the beneficiaries of the grant

Honey Veda, Vinglob Greentech, Teaology, Chlorohemp Agrotech, Masabi Agritech, Piano Blossoms, and Upadhye Farmers Support Services are among the beneficiaries of the grant.

These agri-startups operate in a number of agricultural sectors, including waste to wealth, food processing, oil seed extraction, honey processing, manufacturing of farm machinery, and e-marketplaces for farmers.

Several university officials, including Dr. M. K. Jhala, director of research and dean of post-graduate studies, Dr. G. R. Patel, registrar, and Dr. Samit Dutta, dean, among others, attended the ceremony.

About Rashtriya Krishi Vikas Yojana

The RKVY scheme was launched in 2007 as a general scheme to guarantee the holistic development of the agricultural sector and related industries. Since its commencement, the initiative has advanced significantly and has been carried out across two plan periods (11th and 12th). The scheme helps States to boost public investment in agriculture and allied industries.

Also Read: USD 2 billion agricultural park project to be launched in India at I2U2 summit

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