Government to Set Up INR 750 Crore Fund for Agritech Startups

The government of India announced a large fund of INR 750 crore to support agritech startups, which may be called a gigantic step taken towards empowering the agritech sector.

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Agriculture has long been the backbone of India’s economy, employing a significant portion of its population and contributing considerably toward GDP.

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The INR 750 crore fund by the government comes as a part of the more comprehensive strategy towards creating a vigorous agri-tech ecosystem.

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The fund of INR 750 crore would be allocated to various initiatives designed to support growing and developing agritech startups.

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The Government Fund is bound to be transformative to the agritech sector, instilling a culture of innovation and enterprise.

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While this fund offers great opportunities, it also faces various challenges that must be overcome to ensure its success.

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