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India's Agriculture Fund Boosts Agri-Tech with ₹500 Crore Investment

Summary generated with AI, editor-reviewed
Heartspace News Desk

Key takeaways

  • India's Agriculture Innovation Fund commits over ₹500 crore to technology-focused farming ventures by 2025
  • This significant investment aims to bolster food security and agricultural sustainability
  • The initiative supports the establishment of more than 50 agri-tech centers across the nation
India's Agriculture Innovation Fund commits over ₹500 crore to technology-focused farming ventures by 2025. This significant investment aims to bolster food security and agricultural sustainability. The initiative supports the establishment of more than 50 agri-tech centers across the nation. These centers foster collaboration between farmers, researchers, and startups. They also promote the adoption of advanced agricultural practices. The fund targets key areas for development. These include biotechnology for climate-resilient crops and precision agriculture using drones and satellite data. It also supports smart mechanization solutions tailored for small farms. Financial aid encompasses grants, loans, and equity investments. This support empowers farmers with accessible and practical technologies. The Agriculture Innovation Fund drives a shift towards a technology-driven, climate-aware agricultural sector. It seeks to create systemic improvements benefiting millions of farmers nationwide.

Related Topics

agriculture fundagri-tech startupsIndiafood securitysustainabilityprecision agriculture

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