Budget 2021: 10 key asks from the Indian agritech entrepreneurs

By Team YS
January 30, 2021, Updated on : Thu Apr 08 2021 09:01:20 GMT+0000
Budget 2021: 10 key asks from the Indian agritech entrepreneurs
Here's a look at what Indian agritech startups and agri-focused entrepreneurs want from the government in Budget 2021.
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Agritech entrepreneurs pitch for enhancing the use of technologies such as AI and digitisation to help improve yield, productivity and efficiency in the agriculture sector.

  • Set up and strengthen farmer producer organisations (FPOs) to make it easier for private players to reach growers.
  • Connect FPOs in a digitised way so that they can benefit from new technologies offered by agritech startups.
  • Expand the scope of the Agriculture Infrastructure Fund announced last year to increase warehousing facilities and strengthen the supply chain.
  • Build on the Krishi Udaan logistics scheme unveiled last year to help farmers transport their produce by air.
  • Explore a collaborative way where agritech startups, lenders, government and other stakeholders can work together to help grow the agriculture sector.
  • Focus on accelerators and incubators to encourage more entrepreneurs look at solving problems of the agriculture sector.
  • Accelerate the process of digitizing land records and share relevant data with agritech players.
  • Promote the use of new technologies such as artificial intelligence and satellite imaging, and integrate these with schemes like PM Fasal Bima Yojana to improve efficiency.
  • Create new vehicles to reach intended beneficiaries and smallholder farmers. These can include fintech and agritech startups as well as payment banks and small finance banks.
  • Enhance access to capital to grow high-value crops and improve market linkages.
Budget GIF Final
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