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COVID-19 crisis gives rise to many agri-enterprises

Growth of food processing sector acquiring momentum across country: expert Agriculture and allied sectors are emerging as potential fields of entrepreneurship as the disruptions caused by COVID-19 have hit employment opportunities hugely. While loss of jobs and declining profits worry many, the pandemic has opened a vast field of opportunities in agribusiness, food processing and food delivery. Many youngsters are entering the field now, says Dr. K.P Sudheer, Head of the ABI KAU (Agri Business Incubator under the Kerala Agricultural University). “Kerala has many successful agri startups now. They are getting support from the government. Recently, 16 startups supported by the ABI KAU bagged a Central fund of ₹1.95 crore for pre-seed stage and seed-stage,” he says.

ap budget 2021-22 Farmer Centric, Allocates Lion s Share to Agriculture

May 20, 2021, 16:01 IST State Agriculture Minister Kursala Kannababu introduced the Agriculture budget in the assembly today (May 20) as part of the ongoing Andhra Pradesh Assembly Budget session. In its commitment to being a farmer-centric welfare state, the government has allocated Rs 31,256.36 Crore for various agri-related schemes for the year 2021-22. YSR Rythu Bharosa- PM Kisan Yojana The state government has allocated Rs 7,400 crore in the current budget for the scheme in the Budget 2020-21. It is learned that the AP government has provided total investment assistance of Rs 6,928 crore to not only farmers at the rate of Rs 13,500, but also to tenants and farmers cultivating forest lands.

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