Question 2830

Which of the following states has got its first Agribusiness Growth Lab which will support 100 Agri-Enterprises in four years?

Answer

Assam

Why?

The correct answer is Assam. Assam gets first agribusiness growth lab Assam has got its first Assam Agribusiness Growth Lab which will support 100 Agri-Enterprises in four years. This is the first of its kind programme to support enterprises in the Agri and allied sectors launched in Assam. Assam Agribusiness Growth Lab (AAGL) is being initiated by CIIE.CO an incubator of IIM Ahmedabad in partnership with Assam Agribusiness and Rural Transformation Project (APART) under the aegis of Assam Rural Infrastructure and Agricultural Services Society (ARIAS). The programme was formally launched in Guwahati. Some of the common concerns of the Agri-Entrepreneurs of the state were raised by a few local entrepreneurs in a discussion panel at the launch event are access to capital, knowledge-networking, linkage to high-value markets etc. To address these critical gaps, selected enterprises would be provided technical assistance, access to finance, access to market and mentoring support to scale their existing businesses. The programme will take a cluster and sector-based approach to enable the local businesses to form forward market linkages, leverage both external and internal business networks and strengthen value chain players for coming up with the best quality curated new products/services. There will be a 30% representation of women-led enterprises from the state in the Lab by providing them business and technical mentorship for up-scaling their Agri and allied ventures. A special focus is set on supporting women-led enterprises to make the programme equitable and provide gender balanced growth. The programme would focus on enterprises working in the areas like farm inputs, Agri production equipment and services, food processing, agri based warehousing and logistics, farm to fork, farm to market connect services, and others.