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Consider the following statements regarding the Agriculture Accelerator Fund:
- It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas.
- It aims to bring innovative and affordable solutions to challenges faced by farmers.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding the Agriculture Accelerato...
Statement Analysis:
Statement 1: It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas.
Statement 2: It aims to bring innovative and affordable solutions to challenges faced by farmers.
Correct statement(s):
Statement 1 is incorrect because the Agriculture Accelerator Fund is not exclusively for agri-startups by young entrepreneurs in urban areas. It is open to all innovative agri-startups regardless of the location or the age of the entrepreneur.
Statement 2 is correct because the main objective of the Agriculture Accelerator Fund is to bring innovative and affordable solutions to challenges faced by farmers.
Therefore, the correct answer is option B - 2 only.
Explanation:
The Agriculture Accelerator Fund is an initiative of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Government of India, to support agri-startups in the country. The fund is open to all innovative startups working in the agriculture sector, regardless of their location or the age of the entrepreneur.
The Agriculture Accelerator Fund aims to provide financial support and mentorship to agri-startups to help them develop innovative and affordable solutions to the challenges faced by farmers. The fund will also help startups to scale up their operations and reach out to a larger market.
In conclusion, the Agriculture Accelerator Fund is a great initiative by the Government of India to support agri-startups and bring innovative solutions to the agriculture sector.
Statement 1: It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas.
Statement 2: It aims to bring innovative and affordable solutions to challenges faced by farmers.
Correct statement(s):
Statement 1 is incorrect because the Agriculture Accelerator Fund is not exclusively for agri-startups by young entrepreneurs in urban areas. It is open to all innovative agri-startups regardless of the location or the age of the entrepreneur.
Statement 2 is correct because the main objective of the Agriculture Accelerator Fund is to bring innovative and affordable solutions to challenges faced by farmers.
Therefore, the correct answer is option B - 2 only.
Explanation:
The Agriculture Accelerator Fund is an initiative of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Government of India, to support agri-startups in the country. The fund is open to all innovative startups working in the agriculture sector, regardless of their location or the age of the entrepreneur.
The Agriculture Accelerator Fund aims to provide financial support and mentorship to agri-startups to help them develop innovative and affordable solutions to the challenges faced by farmers. The fund will also help startups to scale up their operations and reach out to a larger market.
In conclusion, the Agriculture Accelerator Fund is a great initiative by the Government of India to support agri-startups and bring innovative solutions to the agriculture sector.
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Community Answer
Consider the following statements regarding the Agriculture Accelerato...
The Budget 2023 announced the setting up an Agriculture Accelerator Fund to encourage agri-startups.
Agriculture Accelerator Fund:
- It will be set up to encourage agri-startups by young entrepreneurs in rural areas.
- The Fund will aim at bringing innovative and affordable solutions for challenges faced by farmers.
- It will also bring in modern technologies to transform agricultural practices and increase productivity and profitability.
Hence only statement 2 is correct.
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Consider the following statements regarding the Agriculture Accelerator Fund: It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas. It aims to bring innovative and affordable solutions to challenges faced by farmers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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