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Innovation and Agri-entrepreneurship Development programme has been launched by..
Image Courtesy: egov.eletsonline.com
Innovation and Agri-entrepreneurship Development programme has been launched by the Ministry of Agriculture under Rashtriya Krishi Vikas Yojana. The programme has been launched to promote innovation and agri-entrepreneurship by nourishing the incubation ecosystem and providing financial support.
Under the program, the Ministry of Agriculture is funding the start-ups in various categories such as digital agriculture, agro-processing, farm mechanization, artificial intelligence, waste to wealth, fisheries, dairy etc.
The program is divided into three components:
Orientation - The orientation will be for 02-months with a stipend of Rs. 10000/ month and the advisership will be provided on technical, financial, IP issues etc.
Seed Stage Funding of R-ABI Incubatees - Under this component, funding of Rs. 25 lakh will be provided out of which 15% contribution will be made by the incubatee and the 85% grant.
Idea/ Pre Seed Stage Funding of Agripreneurs - Under this component, funding of Rs. 05 lakh will be provided out of which 10% contribution will be made by the incubatee and the 90% grant.
The selections will be done through various stages and 02-months training will be provided and after that, the final list will be published.
For more information, please visit the link: rkvy.nic.in
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