Budget 2023: Agriculture accelerator fund to increase productivity
To support agro startups, Nirmala Sitharaman has announced the Agriculture Accelerator Fund. It will attempt to implement cost-effective solutions to problems encountered by farmers by introducing contemporary technologies and boosting output.
Utkarsh Sinha managing director Bexley advisors a boutique investment bank firm said “The government’s Fund-of-Fund (FoF) strategy has already demonstrated success with SIDBI’s flagship fund, as well as SRI. Expanding this model in new industries, like agriculture (and hopefully manufacturing) will yield positive results and accelerate the formation of agri-focused funds and ventures."
