How to get Government Support for AgriTech Startup

How to get Government Support for AgriTech Startup | Karo Startup

Over half of India’s populace has been related to cultivation or farming-related work culture. However, there has not been any precise attempt has been made to address industry concerns. Indeed, even the agritech startups, especially farm-to-fork supply chain startups, are negatively impacted because the government boosted agents and MSP strategies and looking for government support. This doesn’t permit new businesses the opportunity or permeability to think of a long-term strategy.

As per several reports, joblessness has been a significant issue behind farmers ending life. As it is common in agribusiness, farmers depend on occasional wages and are generally employed just for a couple of months during the whole year. This way, the Union Budget 2020 focus requirements should focus on two perspectives — farmers and workers in fields should be given employment round the year so that hopeless farmers can get some government support. The agricultural market should be taken more seriously.

While trying to satisfy the government’s critical agrarian plan of increasing farmers’ income by 2022, Prime Minister Narendra Modi declared a four-point system. Among the key recommendations was launching a project called ‘Startup Agri India,’ aside from organizing regular hackathons to encourage agriculture advancement.

Forwarding to a two-day seminar on ‘Agribusiness 2022: Doubling farmers’ income’ composed by the Agriculture Ministry, PM Modi separated the government’s methodology into key pointers: decreasing cultivation costs, guaranteeing high costs, processing field waste, and making non-farm resources of income.

Way to get Government Support

The Agriculture Grand challenge is a unique open door for Agri-tech startups to work on critical difficulties that the Agriculture segment of India suffers. The Ministry of Agriculture and Farmers Welfare, with Invest India, has recognized 12 essential statements of problems that go from giving a reasonable cost to the farmers to the formation of yield estimation models that can be utilized by farmers. At the idea stage and ready-market stage, two startups will be shortlisted under the program and provided with government support for every problem statement. During the idea stage, startups will get incubation help to go from idea to model. In contrast, the ready market startups will get the opportunity to be part of a market access program, focused on the simple adoption of their innovation.

  1. Selection Process:
    • Helping authorities from the Ministry of Agriculture and Invest India in choosing the top startups that will get government support
  2. Agriculture Masterclasses:
    • Coordinating with authorities from the Ministry of Agriculture and Invest India for any information support in all five areas as referenced in the program overview
  3. Startup Pitching to Jury:
    • Coordinating with startups concerning the pitching dates
  4. Incubation Program:
    • A diagnostic board must be organized with every startup at the beginning of the program to talk about (a) incubator accomplice, (b) mentor achievements, (c) startup achievements, and some other details
    • IP will be answerable for working intimately with the startups chosen under problem statements they choose to be implementation ally for
    • IP will be answerable for the physical incubation of startups selected for government support for three months
    • IP will be answerable for mentor coordination
    • IP will lead business workshops
    • IP will lead financial specialist workshops
    • IP will give lab for POC advancement
    • IP will give testing centers
    • A government pilot (1-2 weeks) will be given to the startup at the finish of 3 months. IP will be answerable for coordination with authorities of the Ministry of Agriculture and Invest India.
  5. Acceleration Program:
    • A diagnostic board must be organized with every startup at the beginning of the program to talk about (a) incubator accomplice, (b) mentor achievements, (c) startup achievements, and some other details
    • IP will be answerable for working intimately with the startups chosen under problem statements they choose to be implementation ally for
    • IP will be answerable for the physical acceleration of startups selected for government support for three months
    • IP will be answerable for mentor coordination
    • IP will lead business workshops
    • IP will lead financial specialist workshops
    • A government pilot (8-12 weeks) will be given to the startup at the finish of 3 months. IP will be answerable for coordination with authorities of the Ministry of Agriculture and Invest India.
  6. Tracking Activities:
    • IP will be answerable for keeping track of the activities of the startup for up to 9 months after the program finish
  7. Other Activities:
    • A co-creation conference will be led for each of the 24 chosen members selected for the government support at the start of the program. IP will give information regarding the program
    • The IP will be accountable to make a nationwide network of incubators and accelerators to execute the physical incubation/acceleration program, whenever required.

Additionally, to advance Agri firms, Union Minister for Agriculture Narendra Singh Tomar announced that the Indian government support would be given to 112 startups in the first stage, with Rs 11.85 crore in the current financial year.

The support will be given under the Innovation and Agri-Entrepreneurship Development Program under Rashtriya Krishi Vikas Yojana (RKVY).

government support | Karo Startup

These startups will prompt open doors employment for youth. Moreover, directly and indirectly, they will add to improving farmers’ profits by giving chances to them, he included.

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