In Briefs

Applications invited from farmers

January 27, 2024

In an effort to enhance value (value addition) of agricultural produce and agri marketing, the Agriculture Department has invited applications from farmers to establish agri start-ups (start-ups at incubation stage). The interested farmers can apply through the Agriculture Department’s k-kisan web page. The scheme involves 50 percent subsidy (minimum of Rs. 5 lakh and maximum of Rs. 50 lakh) to new start-ups and 50 percent subsidy (minimum of Rs. 20 lakh and maximum of Rs. 50 lakh) for expansion or upgradation of already established start- ups. The agri start-ups must have been registered under Private Limited Companies Act – 2013 or a Partnership Firm (registered under Section 59 of the Partnership Act – 1932) or a Limited Liability Partnership (under the limited liability Partnership Act – 2008) and the annual transaction earnings must not exceed Rs. 5 crore from the date of registration, according to a press release.

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