Lok Sabha Question No. 3947 (UNSTARRED), answered on 2026-03-17
Subject: AgriSURE Fund
Ministry: AGRICULTURE AND FARMERS WELFARE
Asked by: Shri Dulu Mahato, Shri Bidyut Baran Mahato, Shri P C Mohan, Dr. Nishikant Dubey, Shri Pradeep Purohit, Shri Madhavaneni Raghunandan Rao, Smt. Mala Rajya Laxmi Shah, Shri Bibhu Prasad Tarai, Shri Manish Jaiswal, Smt. Kamlesh Jangde, Shri Krishna Prasad Tenneti, Shri Ananta Nayak, Shri Dilip Saikia, Shri P P Chaudhary, Shri Lumbaram Choudhary, Shri Khagen Murmu, Shri Chandra Prakash Choudhary, Shri Balabhadra Majhi, Smt. Kamaljeet Sehrawat, Shri Dineshbhai Makwana, Shri Bharatsinhji Shankarji Dabhi, Dr. Manna Lal Rawat, Shri Haribhai Patel, Shri Janardan Mishra

## 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 17 TH  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 ͪष और ͩकसान कãयाण मंğी

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 agritech,  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; whether the Fund has succeeded in attracting additional private capital into the agri

(d) and rural start-up ecosystem; and

- (e) the  details  of  beneficiaries  supported  under  AgriSURE  and  the  progress  made  in

strengthening 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 ͪष एवं ͩकसान कãयाण राÏय मंğी (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.

## A list of AIFs and Startups in FoF and Direct Scheme under AgriSURE

## A. Startups under Direct Scheme

|   S. No | Company          | Registered Address   | Area of Operation                                                                                   | Field of Activity                                                                                                                                                                         |
|---------|------------------|----------------------|-----------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       1 | Fambo Innovation | Noida, UP.           | Uttar Pradesh, Haryana, Delhi, Himachal Pradesh, Maharashtra, Madhya Pradesh, Karnataka, and Punjab | Food Processing Fambo links farmers and FPOs with food businesses via 5,000 farmers, offering GAP-certified produce, processing, cold chain logistics, and AI-driven supply optimization. |
|       2 | KissanSay        | Gurgaon, Haryana     | Kashmir, Kerala, Maharashtra, MP, UP                                                                | Farm to Table Startup sources single-origin produce from 20+ FPOs, ensuring traceability, co- branding, profit-sharing, quality control, and using FPO-owned processing infrastructure.   |
|       3 | ELMED Probiotics | Hyderabad, Telangana | Telangana, Andhra Pradesh                                                                           | Agri Biotech Startup develops probiotic formulations for livestock, aquaculture, and crops, improving gut health, water quality, nutrient uptake, and sustainable farm productivity.      |
|       4 | Aquapulse        | Bhubaneswar, Odisha  | Odisha, Andhra Pradesh, Telangana, West Bengal                                                      | Aquaculture Startup runs a hybrid agritech- seafood export model, 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 / Fund         | Registered Office (District, State)   | Area of Operation (States)   | Field of Activity (Agri Specific)                                                                                                                                                                                             |
|----------------------------|---------------------------------------|------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.Asha Ventures            | Mumbai, Maharashtra                   | Pan-India                    | Impact investing in agritech & sustainable agriculture (direct focus on farming innovations, farmer inclusion, supply chains).                                                                                                |
| 2.OTP Ventures (OTP India) | New Delhi, Delhi                      | Pan-India                    | Growth equity investments in consumer brands, fintech, and renewable sectors- including sustainable agriculture and natural resources - that harness technology to drive efficiency, sustainability, and market connectivity. |
| 3.Ankur Capital            | Mumbai, Maharashtra                   | Pan-India                    | Early-stage tech in food & agriculture (strong portfolio in smart farming, crop tech, supply chain for farmers).                                                                                                              |
| 4. IAN Alpha Fund          | New Delhi, Delhi                      | Pan-India                    | Deeptech/early-stage (AI, biotech, climate) including agriculture as a targeted sector.                                                                                                                                       |
| 5.Unicorn India Ventures   | Mumbai, Maharashtra                   | Pan-India                    | Early-stage tech/consumer; invests in agritech/livestock tech, e.g., AI for bovine/farm management.                                                                                                                           |
| 6. Greenstone Capital      | Mumbai, Maharashtra                   | Pan-India                    | Climate/sustainable investments; includes sustainable agriculture and circular agri practices.                                                                                                                                |
| 7. Rukam Capital           | New Delhi, Delhi                      | Pan-India                    | Early-stage consumer brands (food & beverages, wellness), food products/supply chains.                                                                                                                                        |
| 8.Theia Ventures           | Bengaluru, Karnataka                  | Pan-India                    | Climate tech/decarbonization, sustainable agritech, food systems, circular agriculture in climate context.                                                                                                                    |

## (II) Details of Startups :

|   S. No | Company                                       | Registered Office   | Area of Operation                | Field of Activity                                                                                                                                                                       |
|---------|-----------------------------------------------|---------------------|----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       1 | Saswat Financial Technologies Private Limited | Mumbai, Maharashtra | Maharashtra, Karnataka, UP       | Agri-Fintech Saswat Finance, founded in 2021, offers fintech solutions to rural farmers including cattle loans, insurance, veterinary support, and advisory services.                   |
|       2 | Akshayakalpa Farms and Foods Private Limited  | Tumakuru, Karnataka | Karnataka, Tamil Nadu, Telangana | Agri D2C Farmer-entrepreneurship model providing fresh organic milk and value- added products directly to customers.                                                                    |
|       3 | Value Ingredients Pvt. Ltd.                   | Chennai, Tamil Nadu | Tamil Nadu                       | Spices processing Value Ingredients processes and supplies high-grade, sustainable, traceable spices for international markets.                                                         |
|       4 | Verdant Impact                                | Jaipur, Rajasthan   | Rajasthan, Madhya Pradesh        | Livestock Management Verdant integrates bovine genetics marketplace, telemedicine, IoT monitoring, financing, and insurance to improve traceability and reduce risks in cattle markets. |
|       5 | CropCoin (PehleJaisa)                         | Gurugram, Haryana   | Bihar, Jharkhand                 | Waste to Wealth Cropcoin converts poultry litter at farms into Bio-DAP using microbial cultures, enabling decentralized organic manure production through partner micro- factories.     |

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