Agri-entrepreneurship scheme faces lukewarm response despite rural growth
2 weeks, 5 days ago

Agri-entrepreneurship scheme faces lukewarm response despite rural growth

Live Mint  

New Delhi: The agriculture ministry's scheme to promote entrepreneurship is receiving a lukewarm response, despite a better monsoon and improvements in the rural economy. According to data from the agriculture ministry, analysed by Mint, only 35 ventures have been established under the Agri-Clinics and Agri-Business Centres scheme in the current fiscal year. In fiscal year 2024-25, only 35 ventures were established, with the majority coming from Uttar Pradesh and Tamil Nadu, while Madhya Pradesh had 4 ventures. Without these connections, agriculture graduates are often left with limited opportunities to establish successful ventures, which impacts the growth of the sector," said Abhash Kumar, assistant professor, economics, Delhi University.

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History of this topic

Number of non-farm firms grew 13% to 7.3 crore: Govt survey
Trending News
3 weeks ago

Number of non-farm firms grew 13% to 7.3 crore: Govt survey

Live Mint  

New Delhi: The number of non-farm firms in the country comprising proprietorships, partnerships and self-help groups increased 12.84% to 7.34 crore, the Union statistics ministry said, citing an annual survey of enterprises other than companies for the period October 2023 to September 2024. The ministry said in a statement that its 'annual survey of unincorporated sector enterprises results for 2023-24’ …

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas
5 months, 3 weeks ago

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas

News 18  

Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament, setting the stage for the Union Budget 2024-25. Skill Gap Challenge The Economic Survey 2023-24 said 65 per cent of India’s fast-growing population is under 35, and many lack the skills needed by a modern economy. In India, the government has been paying focused attention to enabling …

The long wait for India’s first agritech unicorn
11 months, 1 week ago

The long wait for India’s first agritech unicorn

Live Mint  

New Delhi: In June 2021, a searing post on LinkedIn, the professional networking site, generated some heat and many reactions. Another brief by venture capital firms AgFunder and Omnivore, published last year, observed that 2023 was a stress test for startups, offering “ideal vintage for venture capitalists who can enter promising deals at cheap valuations". Easy money After the covid …

India's GDP Projected To Grow 6.5% In FY24, Domestic Economy Resilient: RBI
1 year, 7 months ago

India's GDP Projected To Grow 6.5% In FY24, Domestic Economy Resilient: RBI

News 18  

India’s GDP growth for 2023-24 is projected at 6.5 per cent amid softer global commodity and food prices, and good rabi crop prospects, among others, according to the RBI’s annual report 2022-23 released on Tuesday. The cumulative increase in policy repo rate by 250 bps last year would steer the disinflationary process, along with supply side measures to address transient …

Budget 2023: Agritech Industry demands stable export policy, increased digitisation
1 year, 11 months ago

Budget 2023: Agritech Industry demands stable export policy, increased digitisation

India TV News  

Union Budget on Agriculture: Agriculture has been a fast-growing sector for ages now, but the hurdles in between are inhibiting further growth of this industry. The aim for digital India propels the country to incorporate tech in agriculture - a way to take the sector to new heights. Managing Partner at Omnivore, an agri-focused venture capital firm, Mark Kahn, says …

Strengthening the technology ecosystem for agriculture in India | OPINION
3 years ago

Strengthening the technology ecosystem for agriculture in India | OPINION

India Today  

Fasal is an agri startup that has helped farmer Sangarmesh Talikotti to install sensors and cameras in his 2.5-acre tomato farm. The ‘Digital India Initiative’ aims at widespread adoption of technology through digital platforms, analytics, artificial intelligence, block chain, machine learning, Software as a Service and IoT. The areas of ‘idea’ incubation are as diverse as farm inputs, precision agriculture, …

Reverse Pitch | New-age entrepreneurs are keen to solve food supply chain issues
5 years ago

Reverse Pitch | New-age entrepreneurs are keen to solve food supply chain issues

Live Mint  

India is still an agrarian economy from a livelihood perspective, with agriculture contributing 46% employment, though adding only 17% in terms of gross value added as of 2016. Farm mechanization, use of suitable farm inputs and guidance, access to warehousing and markets, credit facilities and remunerative prices for farmers are yet a distant dream. In recognition, the PM has launched …

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