With reference to AgriSURE Fund consider the following statements It is designed to fuel growth and ...........

Economic Affairs Agricultural Finance

With reference to AgriSURE Fund, consider the following statements

It is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
It is funded by the Government of India and World Bank in the 90:10 ratios respectively.
It is managed by the NABVENTURES a fully owned subsidiary of NABARD.

How many of the above given statements are correct?

Only One

Only Two

All Three

None

Only statements 1&3 are correct.

Recently, the union Minister for Agriculture and Farmers’ Welfare and Rural Development launched the AgriSURE Scheme in New Delhi.

Agri Fund for Start-ups & Rural Enterprises (AgriSURE) is an innovative fund which is a pioneering step toward revolutionizing the agricultural landscape in India.
Focus area: It mainly focuses on technology-driven, high-risk, high-impact ventures.
It is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem.
Funding Pattern: A Blended capital fund of Rs 750 crore with SEBI Registered Category II, Alternative Investment Fund (AIF), contributions from the Government of India is Rs 250 crore, NABARD is Rs 250 crore, and Rs 250 crore is being mobilized from banks, insurance companies, and private investors.
Its main focus areas include promoting innovative, technology-driven initiatives in agriculture, enhancing the farm produce value chain, creating new rural ecosystem linkages and infrastructure, generating employment and supporting Farmers Producer Organisations (FPOs).
The fund would encourage entrepreneurship through IT-based solutions and machinery rental services for farmers, driving sustainable growth and development in the agricultural sector.
NABVENTURES a fully owned subsidiary of NABARD will act as the fund manager.