There are over 500 start-ups in India “working in the millet value chain and Indian millet research institute has established 250 under Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RKVYRAFTAAR). We are cultivating new companies,” he added.
“This (climate smart farming) is slowly gaining acceptance among farmers who use clean energy sources such as the sun for irrigation. Crop yield prediction models using artificial intelligence and drones to monitor soil and crop health have been launched,” the study said.
“Smart agriculture also enables crop diversification and helps farmers reduce their dependence on monsoon water. There are over 1,000 agritech start-ups in India. It helps us improve,” he added.
In the first nine months of 2022, the agtech sector saw 30 funding rounds worth $796 million, according to a report released last month by investment banking firm Avendas Capital. The report also notes that the agritech startup’s estimated gross merchandise value (GMV) is $4 billion in 2022 and is likely to grow to $34 billion by 2027.
The economic survey also highlighted a 200% increase in rural internet subscribers between 2015 and 2021. This is on par with the 158% growth seen in urban areas.”
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“Projects have been approved to saturate 4G mobile services in uncovered villages across the country to further build digital connectivity at the grassroots level and enhance consumer experiences like urban centers,” it said. “The project will provide 4G mobile services in 24,680 uncovered villages in remote and difficult areas and upgrade 6,279 villages with only 2G/3G connections to 4G,” the study said. added.
