Explanation:

Only statement 1st is correct.

• Union Agriculture and Farmers’ Welfare and Rural Development Minister launched AgriSURE Fund & Krishi Nivesh Portal recently at PUSA, New Delhi. 

About Agri Fund for Start-Ups & Rural Enterprises (AgriSURE)

• The Government launched the AgriSURE to support start-ups and agripreneurs through investments in sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs), as well as direct equity support to start-ups working in Agriculture and allied sectors 

• This initiative aims to foster innovation and sustainability in India’s agricultural sector through the establishment of a Rs 750 crore Category-II Alternative Investment Fund (AIF). 

• The fund will offer both equity and debt support, specifically targeting high-risk, high- impact activities in the agriculture value chain.

• Ministry: Ministry of Agriculture & Farmers Welfare.

• NABVENTURES, a wholly-owned subsidiary of NABARD, will be the Fund manager of AgriSURE. 

• The fund is designed to operate for 10 years, extendable by two or more years.

Hence option 1st is correct.