Govt to fund 112 agritech startups, to invest Rs 11.85 Cr this year, says Narendra Singh Tomar

Union Minister for Agriculture Narendra Singh Tomar said the Indian government will fund 112 startups in the first phase, with a sum of Rs 11.85 crore in the current financial year. The funds will be given to the startups selected by different knowledge partners and agribusiness incubators in the area of agro-processing, food technology, and value addition, he said.

Emphasising on increasing private investment in agriculture, Tomar said his vision is to attract the youth to agriculture and rejuvenate the sector. He also stressed the need to make agriculture competitive, provide handholding to agriculture-based activities, and adopt new technology at the earliest.

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