Agricuture Accelerator fund
India
The Agriculture Accelerator Fund is an initiative dedicated to supporting entrepreneurs in the agriculture and allied sectors, offering financial and technical assistance to propel their startups from ideation to scaling and growth. Startups benefit from training and incubation at Knowledge Partners and Rashtriya Krishi Vikash Yojana (RKVY) Agribusiness Incubators, with a focus on diverse areas such as precision agriculture, farm mechanization, logistics, waste-to-wealth, and more. The fund's objectives are rooted in fostering inclusive, farmer-centric solutions, developing technologies for accurate crop estimation and market intelligence, nurturing the agri-tech industry, promoting smart farming practices, enhancing financial inclusion, optimizing crop yield, and reducing intermediaries in the distribution chain. Under the programme, the financial support is provided to entrepreneurs in the field of agriculture & allied sector to set up their startups. For this, a financial support of Rs. 2.5 Million Rupees (USD 30,000) is provided at the idea/pre seed stage and 2.5 million Rupees (USD 30,000) at the seed stage.
Lead (category)
Government agency
Name of initiative lead (and partners)
Department of Agriculture & Farmers Welfare (DA&FW) under The Ministry of Agriculture & Farmers Welfare (MOAFW)
Categories of Digital initiative deliverables
Technology-neutral supporting services (incubation, finance, training, etc)
ICT products/solutions and services by category
Digital Finance
Digital Agriculture
Non ICT products and services (deliverables)
Financial services
Business and governance structure
Start-ups are trained and incubated at various Knowledge Partners (KPs) and RKVY Agribusiness Incubators (R-ABIs) appointed under the programme. The technologies, products and services developed by these startups are evaluated by KPs and R-ABIs in terms of their utility and impact in agriculture and allied sectors. Besides, KPs and R-ABIs are promoting these startups by linking them with various institutions and organizations for their product & technology validation, market linkages, supply chain management, streamlining the distribution and scaling up of the product and operations, etc. Government of India organize various national level programmes including agri-startup conclave, agri fair and exhibitions, webinars, workshops to serve as a platform for the promotion of agri startups by linking them with various stakeholders. Such programmes act as direct market reach and cater as an effective marketing tool to startups. Stakeholders get a direct opportunity to interact with the agri startups without any intermediaries.
DI ICT-deliverables format
Interactive data exchanges
Mobile applications
Web-based platform
Primary stakeholders (beneficiaries, actors, enablers)
Agribusiness / private organization
Size, scale or scope of primary stakeholders
1138 agri startups have been supported under the programme
Digital Initiative development Stage
Fully operational - Growing and expanding stage
Measurable impacts on primary stakeholders and target beneficiaries
As on 24 March 023, a total of 1138 agri startups are supported under the programme with financial assistance of Rs. 70.30 crores.
Initiative geographic scope (or coverage) (national, regional, sector specific, specific user co-horts etc)
National
On-line resource links (Web-page links, links to videos, links to reports, etc)
Link to Digital village
Link to Digital solution