Budget 2023 | Accelerator fund to be set up to support agricultural startups

Responding to the announcement, Karthik Jayaraman, Co-Founder and MD of food and Agri-tech platform WayCool Foods said, "The agriculture sector despite being the major contributor to the GDP is still faced with a plethora of challenges, and the launch of the Agriculture Accelerator fund will provide ample relief to the industry, in terms of encouraging young entrepreneurs towards the sector while also bringing in innovative and affordable solutions to address the challenges faced by the farmers, especially in terms of enhancing profitability and equipping modern technology."

ICRA also agreed that the Digital Public Infrastructure for Agriculture will aid farm productivity and that the accelerator fund would help improve the usage of technology in the agricultural sector.