Parliament Question: AgriSURE Fund

GOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE AND FARMERS WELFARE LOK SABHA UNSTARRED QUESTION NO. 3947 TO BE ANSWERED ON 17TH MARCH, 2026 AgriSURE FUND 3947. SHRI BALABHADRA MAJHI: SHRI PRADEEP PUROHIT: SMT. KAMALJEET SEHRAWAT: SHRI LUMBARAM CHOUDHARY: DR. MANNA LAL RAWAT: SHRI DULU MAHATO: SHRI P C MOHAN: SMT. MALA RAJYA LAXMI SHAH: SHRI DILIP SAIKIA: SHRI P P CHAUDHARY: SHRI KRISHNA PRASAD TENNETI: DR. NISHIKANT DUBEY: SHRI MADHAVANENI RAGHUNANDAN RAO: SHRI JANARDAN MISHRA: SHRI HARIBHAI PATEL: SHRI ANANTA NAYAK: SHRI BHARATSINHJI SHANKARJI DABHI: SHRI KHAGEN MURMU: SMT. KAMLESH JANGDE: SHRI CHANDRA PRAKASH CHOUDHARY: SHRI BIBHU PRASAD TARAI: SHRI BIDYUT BARAN MAHATO: SHRI MANISH JAISWAL: SHRI DINESHBHAI MAKWANA: Will the Minister of AGRICULTURE AND FARMERS WELFARE कृ(cid:874)ष और (cid:873)कसान क(cid:227)याण मं(cid:287)ी be pleased to state: (a) the details of the corpus created under the AgriSURE Fund (AgriSURE), including contributions from the Government, National Bank for Agriculture and Rural Development (NABARD) and private institutions and its impact in the country, particularly Nabarangpur Lok Sabha Constituency in Odisha; (b) the number of start-ups financed under AgriSURE so far, including details of agri- tech, food processing and rural enterprises supported in the country, State/UT-wise and sector-wise particularly in Odisha and the Nabarangpur Lok Sabha Constituency, Bengaluru in Karnataka, Rajasthan, Jharkhand; (c) the manner in which performance and risk management of investments under the Fund are being monitored by NABVENTURES; (d) whether the Fund has succeeded in attracting additional private capital into the agri and rural start-up ecosystem; and (e) the details of beneficiaries supported under AgriSURE and the progress made instrengthening agricultural value chains in the country, State/UT-wise particularly Nabarangpur and Keonjhar Lok Sabha Constituencies in Odisha, Karnataka, Pali Lok Sabha Constituency in Rajasthan, Chhattisgarh, Madhya Pradesh and Jharkhand? ANSWER MINISTER OF STATE FOR AGRICULTURE AND FARMERS WELFARE कृ(cid:874)ष एवं (cid:873)कसान क(cid:227)याण रा(cid:207)य म(cid:287)ं ी (SHRI BHAGIRATH CHOUDHARY) (a): The Agriculture Fund for Startups and Rural Enterprises (AgriSURE) has been established as a SEBI-registered Category-II Alternative Investment Fund (AIF) with a target corpus of ₹750 crore, to be mobilised and deployed over a 10-year period. Out of the total corpus ₹250 crore is contributed by the Government of India, ₹250 crore is contributed by the National Bank for Agriculture and Rural Development (NABARD) while the remaining ₹250 crore is to be mobilised from private institutions and other investors The Fund aims to support innovative, technology-driven, high-impact and high-risk projects in agriculture and allied sectors, thereby strengthening the agricultural value chain and rural enterprise ecosystem across the country. Investments under AgriSURE are made on the basis of merit and investment viability, and no State, district, or constituency-wise allocation is prescribed. (b) & (e): Under AgriSURE, investments have been approved in 4 Startups under the Direct Investment Scheme and also in 8 Alternative Investment Funds (AIFs) under the Fund of Funds (FoF) Scheme who inturn have reported investment in 5 Startups so far. The list of AIFs and startups supported so far with their registered location is placed at Annexure. (c): NABVENTURES, the venture capital arm of NABARD, acts as the Investment Manager of AgriSURE and operates under the regulatory framework of the Securities and Exchange Board of India (SEBI) in accordance with the SEBI (Alternative Investment Funds) Regulations, 2012. Monitoring and risk management are undertaken through rigorous due diligence by NABVENTURES’ investment team and an independent Investment Committee; periodical performance reviews; field visits to supported startups; participation in investor meetings; continuous monitoring of financial performance of AIFs and investee companies. Further oversight mechanisms include periodic review by the Board of NABARD, submission of progress reports to the Government of India (DA&FW), statutory audit of NABARD, independent audit of SEBI-registered AIFs, and mid-term third-party evaluation by independent agencies to assess the Fund’s outcomes and impact. (d): The Fund aims to catalyse additional private capital in the agriculture and rural startup ecosystem. So far ₹95 crore has been mobilised from market investors under AgriSURE. Besides, under the FoF structure, the partner AIFs are required to invest an amount equal to the AgriSURE contribution, thereby enabling additional investment of approximately ₹150 crore from market sources in agri and rural startups.Annexure A list of AIFs and Startups in FoF and Direct Scheme under AgriSURE A. Startups under Direct Scheme S. No Company Registered Area of Field of Activity Address Operation 1 Fambo Noida, UP. Uttar Pradesh, Food Processing Innovation Haryana, Delhi, Fambo links farmers and FPOs Himachal with food businesses via 5,000 Pradesh, farmers, offering GAP-certified Maharashtra, produce, processing, cold Madhya chain logistics, and AI-driven Pradesh, supply optimization. Karnataka, and Punjab 2 KissanSay Gurgaon, Kashmir, Kerala, Farm to Table Haryana Maharashtra, MP, UP Startup sources single-origin produce from 20+ FPOs, ensuring traceability, co- branding, profit-sharing, quality control, and using FPO-owned processing infrastructure. 3 ELMED Hyderabad, Telangana, Agri Biotech Probiotics Telangana Andhra Pradesh Startup develops probiotic formulations for livestock, aquaculture, and crops, improving gut health, water quality, nutrient uptake, and sustainable farm productivity. 4 Aquapulse Bhubaneswar, Odisha, Andhra Aquaculture Odisha Pradesh, Startup runs a hybrid agritech– Telangana, seafood export model, West Bengal controlling farm-to-buyer supply chain via technology and cold chain with 5,000 farmers.B. Details of AIFs and Startups in FoF scheme: (I) Details of AIFs: Name of AIF Registered Area of Field of Activity (Agri Specific) / Fund Office Operation (District, (States) State) 1.Asha Mumbai, Pan-India Impact investing in agritech & sustainable Ventures Maharashtra agriculture (direct focus on farming innovations, farmer inclusion, supply chains). 2.OTP New Delhi, Pan-India Growth equity investments in consumer Ventures Delhi brands, fintech, and renewable sectors — (OTP India) including sustainable agriculture and natural resources — that harness technology to drive efficiency, sustainability, and market connectivity. 3.Ankur Mumbai, Pan-India Early-stage tech in food & agriculture Capital Maharashtra (strong portfolio in smart farming, crop tech, supply chain for farmers). 4. IAN Alpha New Delhi, Pan-India Deeptech/early-stage (AI, biotech, Fund Delhi climate) including agriculture as a targeted sector. 5.Unicorn Mumbai, Pan-India Early-stage tech/consumer; invests in India Maharashtra agritech/livestock tech, e.g., AI for Ventures bovine/farm management. 6. Mumbai, Pan-India Climate/sustainable investments; includes Greenstone Maharashtra sustainable agriculture and circular agri Capital practices. 7. Rukam New Delhi, Pan-India Early-stage consumer brands (food & Capital Delhi beverages, wellness), food products/supply chains. 8.Theia Bengaluru, Pan-India Climate tech/decarbonization, sustainable Ventures Karnataka agritech, food systems, circular agriculture in climate context.(II) Details of Startups : S. No Company Registered Area of Field of Activity Office Operation 1 Saswat Mumbai, Maharashtra, Agri-Fintech Financial Maharashtra Karnataka, Saswat Finance, founded in Technologies UP 2021, offers fintech Private solutions to rural farmers Limited including cattle loans, insurance, veterinary support, and advisory services. 2 Akshayakalpa Tumakuru, Karnataka, Agri D2C Farms and Karnataka Tamil Nadu, Farmer-entrepreneurship Foods Private Telangana model providing fresh Limited organic milk and value- added products directly to customers. 3 Value Chennai, Tamil Nadu Spices processing Ingredients Tamil Nadu Value Ingredients Pvt. Ltd. processes and supplies high-grade, sustainable, traceable spices for international markets. 4 Verdant Jaipur, Rajasthan, Livestock Management Impact Rajasthan Madhya Verdant integrates bovine Pradesh genetics marketplace, telemedicine, IoT monitoring, financing, and insurance to improve traceability and reduce risks in cattle markets. 5 CropCoin Gurugram, Bihar, Waste to Wealth (PehleJaisa) Haryana Jharkhand Cropcoin converts poultry litter at farms into Bio-DAP using microbial cultures, enabling decentralized organic manure production through partner micro- factories. ******