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Rs 66 83 Cr Released To 1 102 Startups In Agri Allied Sectors Under RKVY Scheme Govt

Under Rashtriya Krishi Vikas Yojana (RKVY), 1,102 startups operating in agriculture and allied sectors have been selected and Rs 66.83 crore has been released in installments, the Centre informed Lok Sabha on Tuesday. 

Union Minister of Agriculture and Farmers’ Welfare, Narendra Singh Tomar in a written reply said that these startups were trained for two months at various agribusiness incubation centres i.e KPs and R-ABIs before providing financial assistance.

He said that startups under the programme are taking up projects in various fields of agriculture and allied sectors like agro-processing, food technology, artificial intelligence, internet of things, information and communication technology, precision farming, digital agriculture, etc. 

Tomar added, “Department of Agriculture and Farmers Welfare appointed five knowledge partners and 24 agribusiness incubators to promote innovation and entrepreneurship by providing financial support and nurturing the incubation ecosystem.”  

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