{"id":267,"date":"2024-09-16T05:38:05","date_gmt":"2024-09-16T05:38:05","guid":{"rendered":"https:\/\/blog.christmascrackrecipe.com\/?p=101"},"modified":"2025-12-05T05:38:10","modified_gmt":"2025-12-05T05:38:10","slug":"nabard-launches-agrisure-fund","status":"publish","type":"post","link":"https:\/\/moneymita.com\/?p=267","title":{"rendered":"NABARD LAUNCHES AGRISURE FUND"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 ez-toc-wrap-left-text counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymita.com\/?p=267\/#NABARD_Launches_%E2%80%9CAgriSURE_Fund%E2%80%9D_And_Jammu_Kashmir_Banks_%E2%80%9CKisan_Ka_Samman%E2%80%9D_For_Financially_Disciplined_Farmers\" >NABARD Launches &#8220;AgriSURE Fund&#8221; And Jammu &amp; Kashmir Bank&#8217;s &#8220;Kisan Ka Samman&#8221; For Financially Disciplined Farmers<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymita.com\/?p=267\/#NABARD_Launches_AgriSURE_Fund_Of_%E2%82%B9750_Crore_To_Brace_Agricultural_Startups\" >NABARD Launches AgriSURE Fund Of \u20b9750 Crore To Brace Agricultural Startups<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymita.com\/?p=267\/#The_objective_Of_The_%E2%80%9CAgriSURE_Fund%E2%80%9D\" >The objective Of The &#8220;AgriSURE Fund&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymita.com\/?p=267\/#Scope_Of_The_AgriSURE_Fund\" >Scope Of The AgriSURE Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymita.com\/?p=267\/#How_much_Is_The_Corpus_Of_The_AgriSURE_Fund\" >How much Is The Corpus Of The AgriSURE Fund ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymita.com\/?p=267\/#What_is_AgriSURE_Greenathon_2024\" >What is AgriSURE Greenathon 2024?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymita.com\/?p=267\/#Who_Can_Participate_In_The_AgriSURE_Greenathon_2024\" >Who Can Participate In The AgriSURE Greenathon 2024?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymita.com\/?p=267\/#Prizes_For_AgriSURE_Greenathon_2024\" >Prizes For AgriSURE Greenathon 2024<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymita.com\/?p=267\/#J_K_Bank_Launches_The_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9C_Program_For_Financially_Disciplined_Farmers\" >J &amp; K Bank Launches The \u201cKISAN KA SAMMAN\u201c Program For Financially Disciplined Farmers<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/moneymita.com\/?p=267\/#Objectives_Of_The_J_K_Banks_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9D_Program\" >Objectives Of The J&amp;K Bank\u2019s \u201cKISAN KA SAMMAN\u201d Program<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/moneymita.com\/?p=267\/#Mission_Of_The_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9D_Program\" >Mission Of The &#8220;KISAN KA SAMMAN&#8221; Program<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/moneymita.com\/?p=267\/#Vision_Of_The_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9D_Program\" >Vision Of The &#8220;KISAN KA SAMMAN&#8221; Program<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/moneymita.com\/?p=267\/#Frequently_Asked_Questions_FAQ\" >Frequently Asked Questions (FAQ)<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NABARD_Launches_%E2%80%9CAgriSURE_Fund%E2%80%9D_And_Jammu_Kashmir_Banks_%E2%80%9CKisan_Ka_Samman%E2%80%9D_For_Financially_Disciplined_Farmers\"><\/span>NABARD Launches &#8220;AgriSURE Fund&#8221; And Jammu &amp; Kashmir Bank&#8217;s &#8220;Kisan Ka Samman&#8221; For Financially Disciplined Farmers<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p>Boosting the agriculture and rural sectors in India is crucial for several reasons. A significant portion of the Indian population depends on agriculture for their livelihood, making it a vital industry for employment and income generation. Strengthening this sector can enhance food security and reduce poverty by increasing the productivity and profitability of farmers. Moreover, developing rural areas can lead to balanced economic growth, reduce urban migration, and improve the quality of life for millions living in rural communities. Overall, supporting agriculture and rural development is key to ensuring sustainable growth and equitable development in India.<\/p>\n\n\n\n<p>NABARD launches <strong>\u201cAgriSURE Fund\u201d<\/strong> and Jammu &amp; Kashmir Bank gives <strong>\u201cKISAN KA SAMMAN\u201c<\/strong>. Both are made for the develpoment of agriculture and rural sectors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NABARD_Launches_AgriSURE_Fund_Of_%E2%82%B9750_Crore_To_Brace_Agricultural_Startups\"><\/span>NABARD Launches AgriSURE Fund Of \u20b9750 Crore To Brace Agricultural Startups<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Who is NABARD?<\/span><\/strong><br>NABARD, or the National Bank for Agriculture and Rural Development, is an institution established under the NABARD Act of 1981. It is fully owned by the Ministry of Finance, Government of India, and was founded on July 12, 1982, with its headquarters in Mumbai.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Objectives of NABARD<\/span><\/strong><br>Since its establishment in 1982, NABARD has been dedicated to promoting rural prosperity and elevating the standard of living in rural areas for almost four decades. It is a key player in developing rural India by providing financial support and resources for a wide range of projects, including those in agriculture, small-scale industries, village and cottage industries, handicrafts, and other economic activities in rural communities.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Mission of <\/strong><\/span><strong><span style=\"text-decoration: underline;\">NABARD<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To foster sustainable and fair growth in agriculture and rural areas by offering creative financial and developmental support.<\/li>\n\n\n\n<li>To increase internal efficiency through technology adoption as well as improving external efficiency of rural financial institutions like banking supervision by NABARD to rural financial institutions like State Cooperative Banks (StCBs), District Cooperative Central Banks (DCCBs), and Regional Rural Banks(RRBs) and conducting statutory inspections of these banks.<\/li>\n<\/ul>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Summary of NABARD\u2019s 43rd Foundation Day:<\/span><\/strong><br><em>On July 12, 2024<\/em>, NABARD celebrated its 43rd<strong>&nbsp;\u201cfoundation day<\/strong>\u201d at its headquarters in Mumbai. To mark this occasion, the&nbsp;<strong>Ministry of Agriculture &amp; Farmer Welfare<\/strong>&nbsp;(DA &amp; FW)&nbsp;<strong>and NABARD jointly launched&nbsp;<\/strong>a new fund named \u201c<strong>AgriSURE,<\/strong>\u201d aimed at supporting agricultural startups, agripreneurs, and rural enterprises.<\/p>\n\n\n\n<pre class=\"wp-block-preformatted has-vivid-red-color has-text-color has-link-color wp-elements-32e308db994bf3d6b9ce2d810215acbe\">AgriSURE stands for <strong>Agri<\/strong> Fund for <strong>S<\/strong>tart-<strong>U<\/strong>ps And <strong>R<\/strong>ural <strong>E<\/strong>nterprises.<\/pre>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-a83730a6b78ae12105ffa9d93d5141c5\"><strong>SOURCE<\/strong>: \u2013<a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=2032838\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=2032838<\/a><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Key Highlights:<\/span><\/strong><\/p>\n\n\n\n<p>The announcement was made during a pre-launch stakeholder meeting attended by various financial institutions, investors, AIF managers, and agri-startups. Notable guests included Shri Ajeet Kumar Sahu -Joint Secretary of DA &amp; FW, Shri Shaji K.V. \u2013 Chairman of NABARD, and Deputy Managing Directors \u2013 Shri Govardhan Singh Rawat and Dr. Ajay Kumar Sood.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_objective_Of_The_%E2%80%9CAgriSURE_Fund%E2%80%9D\"><\/span>The objective Of The &#8220;AgriSURE Fund&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>The fund\u2019s goal is to foster innovation and sustainability in India\u2019s agriculture sector.<\/li>\n\n\n\n<li>It is designed to create a robust ecosystem that enhances financial support through innovative solutions, especially benefiting small and marginal farmers.<\/li>\n\n\n\n<li>The approach emphasizes that beyond credit, growth in the agriculture sector should come from innovative practices supported by both public and private institutions.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Scope_Of_The_AgriSURE_Fund\"><\/span>Scope Of The AgriSURE Fund<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The funding will support agricultural startups and entrepreneurs by investing in both sector-specific and sector-agnostic Alternative Investment Funds (AIFs) and providing direct equity support.<\/li>\n\n\n\n<li>It will focus on enhancing the agricultural value chain, building rural infrastructure, creating jobs, supporting Farmer Producer Organizations .<\/li>\n\n\n\n<li>The fund will provide both equity and debt financing, focusing on activities in the agricultural value chain that are high-risk but have the potential for significant impact.<\/li>\n\n\n\n<li>It will encourage the adoption of technology-based solutions and provide machinery rental services to farmers.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_Is_The_Corpus_Of_The_AgriSURE_Fund\"><\/span>How much Is The Corpus Of The AgriSURE Fund ?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Fund Details:-<\/span><\/strong><\/p>\n\n\n\n<p>AgriSure will operate as a Category-II AIF with an initial corpus of \u20b9750 crore comprised of:-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u20b9250 crores as provided by the Ministry of Agriculture, Government of India.<\/li>\n\n\n\n<li>\u20b9250 crores from the NABARD&nbsp; and the rest<\/li>\n\n\n\n<li>\u20b9250 crores from other private institutions.<\/li>\n<\/ul>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Fund Manager and Duration of the AgriSURE Fund<\/span><\/strong><br><strong>NABVENTURES Limited,<\/strong>&nbsp;a subsidiary of NABARD, will manage the fund. The fund will commence operations in August 2024 and is set to run for<strong>&nbsp;10 years, with a possible extensions<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_AgriSURE_Greenathon_2024\"><\/span>What is AgriSURE Greenathon 2024?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In expansion to the support dispatch, NABARD presented the AgriSURE Greenathon 2024, a<strong>&nbsp;hackathon occasion<\/strong>&nbsp;outlined to empower inventive arrangements in farming. The last date for registration was July 26, 2024.<\/p>\n\n\n\n<p>By launching the AgriSure Fund and Greenathon, NABARD aims to foster innovation and growth in India\u2019s agricultural sector, providing substantial support to startups and enterprises working in this field.<\/p>\n\n\n\n<p>The AgriSURE Greenathon 2024 is a hackathon aimed at solving&nbsp;<strong>three (3) main challenges&nbsp;<\/strong>in the agricultural sector :<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>\u201cSmart Agriculture on a Budget\u201d<\/strong>&nbsp;\u2013 This challenge seeks affordable solutions for advanced agricultural technologies, making them accessible to small and marginal farmers.<\/li>\n\n\n\n<li><strong>\u201cTurning Agri-Waste into Profitable Business Opportunities\u201d<\/strong>&nbsp;\u2013 This focuses on finding ways to convert agricultural waste into profitable businesses, reducing waste and increasing revenue.<\/li>\n\n\n\n<li><strong>\u201cTech Solutions Making Regenerative Agriculture Remunerative\u201d<\/strong>&nbsp;\u2013 This challenge is about creating economic solutions that make regenerative farming practices more profitable for farmers.<\/li>\n<\/ol>\n\n\n\n<p>NABARD invites innovative minds, especially young individuals, to participate and contribute to India\u2019s development and heading towards&nbsp;<strong>\u201cViksit Bharat\u201d<\/strong>, aiming to solve pressing issues in agriculture with their creative solutions.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Can_Participate_In_The_AgriSURE_Greenathon_2024\"><\/span>Who Can Participate In The AgriSURE Greenathon 2024?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The hackathon is open to students, developers, startups, and professional developers. Participation is free of charge, providing a platform for these groups to showcase their innovative ideas. It also serves as a funding opportunity for eligible startups developing AI solutions for India\u2019s agricultural sector.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prizes_For_AgriSURE_Greenathon_2024\"><\/span>Prizes For AgriSURE Greenathon 2024<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Winners of the hackathon will receive the following cash prizes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Winner: \u20b93,00,000 \/-<\/strong><\/li>\n\n\n\n<li><strong>First Runner-Up: \u20b92,00,000 \/-<\/strong><\/li>\n\n\n\n<li><strong>Second Runner-Up: \u20b91,00,000 \/-<\/strong><\/li>\n<\/ul>\n\n\n\n<p>In&nbsp;<strong>total<\/strong>,&nbsp;<strong>\u20b96,00,000 \/-<\/strong>&nbsp;will be distributed as&nbsp;<strong>prize money<\/strong>&nbsp;to the top contestants, encouraging participants to bring forward their best ideas and solutions for the agricultural sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"J_K_Bank_Launches_The_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9C_Program_For_Financially_Disciplined_Farmers\"><\/span>J &amp; K Bank Launches The \u201cKISAN KA SAMMAN\u201c Program For Financially Disciplined Farmers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-style-rounded\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/moneymita.com\/wp-content\/uploads\/2024\/09\/JK-Kisan-Samman-1-1024x576.png\" alt=\"\" class=\"wp-image-764\" title=\"\" srcset=\"https:\/\/moneymita.com\/wp-content\/uploads\/2024\/09\/JK-Kisan-Samman-1-1024x576.png 1024w, https:\/\/moneymita.com\/wp-content\/uploads\/2024\/09\/JK-Kisan-Samman-1-300x169.png 300w, https:\/\/moneymita.com\/wp-content\/uploads\/2024\/09\/JK-Kisan-Samman-1-768x432.png 768w, https:\/\/moneymita.com\/wp-content\/uploads\/2024\/09\/JK-Kisan-Samman-1.png 1366w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\ud83c\udf10<strong><em><a href=\"https:\/\/www.moneymita.com\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.moneymita.com<\/a><\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Overview of the \u201cKISAN KA SAMMAN\u201d Program<\/span><\/strong><\/p>\n\n\n\n<p>The \u201c<strong>KISAN KA SAMMAN<\/strong>\u201d program is an initiative launched by Jammu &amp; Kashmir Bank to honour and support hard-working farmers in Jammu &amp; Kashmir who have shown financial discipline. This program aims to recognize the efforts of farmers who regularly renew their&nbsp;<strong>Kisan Credit Cards<\/strong>&nbsp;(<strong>KCC<\/strong>s) and maintain good financial practices in their dealings with the bank.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-4993648d8d1395367dfa49a38556a283\"><strong>SOURCE <\/strong>:-&nbsp;<a href=\"https:\/\/www.jkbank.com\/others\/common\/bankInNewsItem.php?id=1984\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.jkbank.com\/others\/common\/bankInNewsItem.php?id=1984<\/a><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Key Attention of the \u201cKISAN KA SAMMAN\u201d Program<\/span><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Recognition of Farmers:<\/span><\/strong><br>The program identifies farmers who consistently renew their Kisan Credit Cards (KCCs) and exhibit financial discipline.<br>These farmers will be recognised with a &#8220;Certificate of Appreciation\u201d at different bank branches, zonal offices, and clusters.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Facilitation using&nbsp;<em>\u201cKisan Dost Scheme\u201d<\/em><\/span><\/strong><br>The bank will also offer eligible farmers sanction letters for agriculture term loans to help them upgrade their agricultural infrastructure through its \u201cKisan Dost Scheme.\u201d Additionally, farmers may be offered other loan products, including Agri Term Loan schemes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Objectives_Of_The_J_K_Banks_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9D_Program\"><\/span>Objectives Of The J&amp;K Bank\u2019s \u201cKISAN KA SAMMAN\u201d Program<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The main goal of the program is to raise awareness about the&nbsp;<strong><em>Prompt Repayment Incentive<\/em><\/strong>&nbsp;(PRI) available under the Kisan Credit Card (KCC) scheme, which provides an&nbsp;<strong>interest subvention of 3%&nbsp;<\/strong>to eligible farmers. By highlighting this benefit, the program encourages more farmers to take advantage of the government\u2019s interest subsidy.<\/p>\n\n\n\n<p><strong>Example:-<\/strong>&nbsp;Suppose interest payable under KCC is 7% p.a, and interest subvention is 3% for eligible disciplined farmers, then net interest payable for eligible farmers under KCC will be 4% p.a (7%-3%). Interest subvention is nothing but financial support from the government.<br>Interest subvention refers to financial assistance provided by the government.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mission_Of_The_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9D_Program\"><\/span>Mission Of The &#8220;KISAN KA SAMMAN&#8221; Program<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The mission is to acknowledge the vital role of farmers in Jammu &amp; Kashmir and provide them with the necessary support to boost their productivity and sustenance. By enhancing agricultural lending, the bank aims to contribute to the overall economic growth of the region.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vision_Of_The_%E2%80%9CKISAN_KA_SAMMAN%E2%80%9D_Program\"><\/span>Vision Of The &#8220;KISAN KA SAMMAN&#8221; Program<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As part of this program, J&amp;K Bank branches will focus on increasing the credit limits of KCC accounts and issuing Digital KCC cards to farmers, aiming to modernize and simplify banking services for the agricultural community.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Duration of the &#8220;KISAN KA SAMMAN&#8221; Program<\/span><\/strong><\/p>\n\n\n\n<p>The \u201cKISAN KA SAMMAN\u201d program which started at the outset of August will continue until September 30, 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQ\"><\/span>Frequently Asked Questions (FAQ)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Q1.<\/strong> <strong>What is the&nbsp;Scope of NABARD?<\/strong><\/p>\n\n\n\n<p><strong>Ans.&nbsp;<\/strong>Development of rural and agriculture sectors, focusing on rural credit and infrastructure like roads, irrigation systems and storage facilities through various schemes and programmes, helps farmers to adopt modern agricultural practices and improve productivity.<\/p>\n\n\n\n<p><strong>Q2.<\/strong> <strong>Who is the current<\/strong>&nbsp;<strong>Union Minister of Agriculture &amp; Farmers\u2019 Welfare<\/strong>&nbsp;<strong>and<\/strong>&nbsp;<strong>Minister of Rural Development&nbsp;in India?<\/strong><\/p>\n\n\n\n<p><strong>Ans.<\/strong>&nbsp;<strong>Shivraj Singh Chauhan.<\/strong><br>He is a politician from the Bharatiya Janata Party (BJP) and was elected as a Member of Parliament in the 2024 Lok Sabha elections from Vidisha, Madhya Pradesh.<br>A Master\u2019s degree holder(<strong>gold medalist<\/strong>) in Philosophy from Barkatullah University, Bhopal, is also the&nbsp;<strong>longest-serving Chief Minister<\/strong>&nbsp;of Madhya Pradesh&nbsp;<strong>(M.P)<\/strong><\/p>\n\n\n\n<p><strong>Q3.<\/strong> <strong>Who is an<\/strong>&nbsp;<strong>AGRIPRENEUR&nbsp;?<\/strong><\/p>\n\n\n\n<p><strong>Ans<\/strong>. An AGRIPRENEUR is&nbsp;<strong>an<\/strong>&nbsp;<strong>entrepreneur who specializes in agriculture&nbsp;<\/strong>or businesses related to farming. The term combines \u201cagriculture\u201d and \u201centrepreneur.\u201d<\/p>\n\n\n\n<p><strong>Q4.<\/strong> <strong>What is meant by&nbsp;SECTOR AGNOSTIC&nbsp;Fund ?<\/strong><\/p>\n\n\n\n<p><strong>Ans.<\/strong>&nbsp;A sector-agnostic&nbsp;fund invests in various industries rather than focusing on one specific sector, i.e,&nbsp;<strong>\u201cNOT SECTOR SPECIFIC\u201d<\/strong>. This strategy allows for flexibility and diversification by seeking investment opportunities across multiple fields like technology, healthcare, and finance.<\/p>\n\n\n\n<p><strong>Q5.<\/strong> <strong>What is meant by&nbsp;Category II \u2013 Alternative Investment Fund (AIF)?<\/strong><\/p>\n\n\n\n<p><strong>Ans.&nbsp;<\/strong>An Alternative Investment Fund (AIF) is a&nbsp;<strong>private investment vehicle<\/strong>&nbsp;in India that gathers funds from sophisticated investors, both domestic and international,&nbsp;<strong>to invest according to a specific policy for their benefit<\/strong>.<br>Category II AIFs include<strong>&nbsp;real estate funds,<\/strong>&nbsp;private equity funds, and funds for distressed assets, and are allowed to borrow only for operational needs as per<strong>&nbsp;SEBI regulations<\/strong>.<\/p>\n\n\n\n<p><strong>Q6. What is a&nbsp;HACKATHON&nbsp;?<\/strong><\/p>\n\n\n\n<p><strong>Ans.&nbsp;<\/strong>A hackathon is an event where&nbsp;<strong>programmers<\/strong>&nbsp;and tech enthusiasts&nbsp;<strong>collaborate<\/strong>&nbsp;over a few days to solve problems or create new software. The term combines \u201chacker,\u201d meaning a skilled programmer, and \u201cmarathon,\u201d signifying a long, endurance-based event.<\/p>\n\n\n\n<p><strong>Q7. What is&nbsp;Viksit Bharat&nbsp;?<\/strong><\/p>\n\n\n\n<p><strong>Ans.&nbsp;<\/strong>\u2018Viksit Bharat\u2019 means \u2018<strong>Developed India<\/strong>.\u2019<br>It refers to the goal of making India a developed nation by 2047, the 100th anniversary of its independence.<br>The vision focuses on four key areas: youth, the poor, women, and farmers.<\/p>\n\n\n\n<p><strong>Q8. What does&nbsp;J&amp;K Bank&nbsp;stand for?<\/strong><\/p>\n\n\n\n<p><strong>Ans.<\/strong>&nbsp;J&amp;K Bank refers to Jammu &amp; Kashmir Bank, a<strong>&nbsp;private sector bank&nbsp;<\/strong>in India, headquartered in Srinagar, Jammu &amp; Kashmir.<br>It was&nbsp;<strong>founded<\/strong>&nbsp;on October 1, 1938,&nbsp;<strong>by Maharaja Hari Singh<\/strong>.<br>Under the Indian Companies Act, 2013, it is classified as a<strong>&nbsp;government company.&nbsp;<\/strong>The bank became a&nbsp;<strong>scheduled bank<\/strong>&nbsp;in 1971.<\/p>\n\n\n\n<p><strong>Q9. Who is the Managing Director(MD) and Chief Executive Officer&nbsp;(CEO) of the&nbsp;J&amp;K Bank?<\/strong><\/p>\n\n\n\n<p><strong>Ans .<\/strong>&nbsp;<strong>Baldev Prakash<\/strong>&nbsp;is the current MD &amp; CEO of the J&amp;K Bank. He received the esteemed \u2018Times Now India\u2019s Impactful CEO \u2013 2023\u2019 Award.<\/p>\n\n\n\n<p><strong>Q10. What is&nbsp;Kisan Credit Card&nbsp;(KCC) ?<\/strong><\/p>\n\n\n\n<p><strong>Ans.\u00a0<\/strong>The Kisan Credit Card (KCC) scheme,\u00a0<strong>launched in August 1998<\/strong>\u00a0by the Ministry of Agriculture and Farmers\u2019 Welfare, provides farmers with\u00a0<strong>timely credit for agricultural\u00a0<\/strong>and non-farm needs. Benefits include short-term credit for crop cultivation, post-harvest expenses, produce marketing loans, household consumption, and working capital for farm activities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NABARD Launches &#8220;AgriSURE Fund&#8221; And Jammu &amp; Kashmir Bank&#8217;s &#8220;Kisan Ka Samman&#8221; For Financially Disciplined Farmers Boosting the agriculture and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[27,28],"tags":[209,41,43,49],"class_list":["post-267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-titbits","category-news","tag-alternative-investment-fund-aif","tag-kisan-credit-card","tag-nabard","tag-viksit-bharat"],"_links":{"self":[{"href":"https:\/\/moneymita.com\/index.php?rest_route=\/wp\/v2\/posts\/267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymita.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymita.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymita.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymita.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=267"}],"version-history":[{"count":10,"href":"https:\/\/moneymita.com\/index.php?rest_route=\/wp\/v2\/posts\/267\/revisions"}],"predecessor-version":[{"id":971,"href":"https:\/\/moneymita.com\/index.php?rest_route=\/wp\/v2\/posts\/267\/revisions\/971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymita.com\/index.php?rest_route=\/wp\/v2\/media\/568"}],"wp:attachment":[{"href":"https:\/\/moneymita.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymita.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymita.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}