Daily Current Affairs : 4-September-2024

India’s agriculture sector is undergoing a significant transformation with the launch of initiatives such as the AgriSURE Fund and Krishi Nivesh Portal. These efforts aim to drive innovation, investment, and growth in rural enterprises, while also simplifying agricultural investments. The event marking their launch also included the presentation of the Greenathon AIF Excellence Awards, which recognized top-performing banks and states for their efforts in implementing the Agriculture Infrastructure Fund (AIF) scheme.

AgriSURE Fund: Supporting Agricultural Start-Ups and Rural Enterprises

The AgriSURE Fund was introduced following the 2022-23 Budget announcement by India’s Finance Minister. It aims to provide financial support to high-risk, high-impact agricultural start-ups and rural enterprises.

Key Aspects of AgriSURE:

  • Purpose: To support innovative agricultural start-ups and rural businesses.
  • Focus Areas: Investment in agriculture, technology-driven start-ups, farm mechanization, and rural enterprises.
  • Objectives:
    • Foster investment in agriculture and rural sectors.
    • Create employment opportunities, particularly for the youth.
    • Encourage youth participation in agriculture.
    • Strengthen the agricultural value chain.

By focusing on these areas, the AgriSURE Fund intends to drive growth and modernization in the agricultural sector, opening new doors for innovation and entrepreneurship.

Krishi Nivesh Portal: Simplifying Agricultural Investments

The Krishi Nivesh Portal was launched on December 5, 2022, with the goal of enhancing transparency and streamlining agricultural investments. This platform provides a one-stop solution for farmers, businesses, and investors to access relevant information and government schemes related to agriculture.

Key Features of Krishi Nivesh Portal:

  • Purpose: To simplify the process of agricultural investments and improve transparency.
  • Focus Areas:
    • Facilitating access to information on various government schemes.
    • Providing market entry guidelines and regulatory frameworks.
    • Empowering women in agriculture through special programs and training.
  • Objectives:
    • Strengthen the agricultural value chain.
    • Streamline investment processes and make them more efficient.
    • Promote inclusive growth by encouraging youth and women to participate in agriculture.

The Krishi Nivesh Portal aims to create an environment where both investors and farmers can easily navigate the complexities of the agricultural sector, making it more accessible and efficient for everyone involved.

Important Points:

AgriSURE Fund:
  • Launched following the 2022-23 Budget announcement.
  • Supports high-risk, high-impact agricultural start-ups and rural enterprises.
  • Focuses on:
    • Investment in agriculture and technology-driven start-ups.
    • Farm mechanization and rural enterprises.
  • Objectives:
    • Foster investment and create employment opportunities in agriculture.
    • Encourage youth participation in agriculture.
    • Strengthen the agricultural value chain.
Krishi Nivesh Portal:
  • Launched on December 5, 2022.
  • Aims to simplify agricultural investments and enhance transparency.
  • Focuses on:
    • Facilitating access to government schemes and investment opportunities.
    • Providing market entry guidelines and regulatory frameworks.
    • Empowering women in agriculture through special training programs.
  • Objectives:
    • Streamline the investment process.
    • Promote inclusive growth and encourage youth and women in agriculture.
    • Strengthen the agricultural value chain.
Key Awards:
  • The Greenathon AIF Excellence Awards recognized top-performing banks and states for their contributions to the Agriculture Infrastructure Fund (AIF) scheme.

Why In News

The Union Minister launched the AgriSURE Fund and Krishi Nivesh Portal, two key initiatives aimed at transforming India’s agricultural landscape by fostering innovation, simplifying investments, and empowering rural enterprises and farmers.

MCQs about AgriSURE Fund & Krishi Nivesh Portal

  1. What is the primary purpose of the AgriSURE Fund?
    A. To increase government subsidies for farmers
    B. To support high-risk, high-impact agricultural start-ups and rural enterprises
    C. To offer loans for farm mechanization only
    D. To promote foreign investment in agriculture
    Correct Answer: B. To support high-risk, high-impact agricultural start-ups and rural enterprises
    Explanation: The AgriSURE Fund was specifically launched to support innovative agricultural start-ups and rural enterprises that have high potential for impact, helping to foster growth and job creation in these sectors.
  2. When was the Krishi Nivesh Portal launched?
    A. January 1, 2023
    B. December 5, 2022
    C. March 15, 2023
    D. November 12, 2022
    Correct Answer: B. December 5, 2022
    Explanation: The Krishi Nivesh Portal was launched on December 5, 2022, with the goal of simplifying agricultural investments and providing transparent access to information on government schemes and investment opportunities.
  3. Which of the following is a key objective of the AgriSURE Fund?
    A. To provide direct financial assistance to farmers
    B. To encourage youth participation in agriculture
    C. To increase government control over agricultural businesses
    D. To build large-scale agricultural infrastructure
    Correct Answer: B. To encourage youth participation in agriculture
    Explanation: One of the key objectives of the AgriSURE Fund is to encourage youth involvement in agriculture, helping to modernize and diversify the sector with fresh ideas and innovation.
  4. What is a primary feature of the Krishi Nivesh Portal?
    A. It offers farming equipment for rent.
    B. It provides guidelines for market entry and regulatory frameworks.
    C. It focuses on increasing agricultural exports.
    D. It manages agricultural research and development.
    Correct Answer: B. It provides guidelines for market entry and regulatory frameworks.
    Explanation: The Krishi Nivesh Portal aims to simplify the investment process by providing essential guidelines for entering agricultural markets and navigating regulatory requirements, making it easier for investors and farmers to participate in the agricultural sector.

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