With the help of NABARD, ICAR will be providing financial support to agritech entrepreneursThe government’s agriculture research body, the Indian Council of Agricultural Research (ICAR), on Friday (December 13), announced that it signed a memorandum of understanding (MoU) with National Bank for Agriculture and Rural Development (NABARD) to enhance research and scale-up agritech innovations in the country.

Through this collaboration, both ICAR and NABARD will be promoting sustainable agriculture and climate-resilient farming technologies.

Moreover, ICAR will help NABARD in evaluating projects, including detailed project report (DPR) preparation for climate change, farm mechanisation, agri-incubation centres and resource conservation among others.

Agriculture in India is a $400 Bn industry, and there are more than 1,090 agritech startups in India.

According to DataLabs by Inc42, the total funding in agritech startups in India grew from $46.1 Mn in 2017 to $66.6 Mn in 2018. | To read full story, visit https://startuparound.com/read/1576321310.0148873/Here’s-How-ICAR,-NABARD-Plan-To-Boost-Agritech?ref=audio_experience