NABARD Agri Business Incubation Centre (NABIC) to provide guidance, technology and infrastructure to youth/ entrepreneurs for Start ups in different areas of agriculture -K.P. Singh..

Chandigarh, Dec 14- Chaudhary Charan Singh Haryana Agricultural University (CCSHAU), Hisar will establish NABARD Agri Business Incubation Centre (NABIC) to provide guidance, technology and infrastructure to youth/ entrepreneurs for Start ups in different areas of agriculture like crop production, crop protection, bio fertilizers production as well as processing and value addition of farm produce with the emphasis on quality assurance and safety parameters, certification, branding and marketing of different products.
According to the Vice-Chancellor, Prof. K.P. Singh, it is realized that employment generation in rural areas is a major challenge because of lack of relevant skill in value addition in agriculture for those who are willing to shift to off-farm sector.  Many of them aspire to acquire new skill sets and gain hands on experience on use of technology.  These youth need hand holding and support to emerge as confident and skilled entrepreneurs in agriculture and allied sectors.
The CCSHAU has submitted a project proposal for establishment of Agri. Business Incubation Centre with focus on innovations, skill building and entrepreneurs development in agriculture and allied sectors to NABARD which has approved and sanctioned grant assistance of Rs. 11.75 crore for setting up NABARD Agri. Business Incubation Centre (NABIC) at CCSHAU, Hisar.  The duration of the project is four years and the purpose is to develop university-entrepreneur/industry linkages, provide platform to entrepreneurs/ industries for research and development in process/ product development to improve the quality of their product, provide infrastructure and technical expertise to entrepreneurs in different areas of agriculture and allied disciplines along with assistance in commercialization and to incubate start-up companies in establishing business, through consultancy, trainings, business advisory services and handholding to a level of stability and success.
The Nodal Officer of the NABARD project at CCSHAU said that the Incubation Centre thus established will also commercialize the available technologies and help the client to develop skill for establishing own unit, create jobs and build wealth to small and medium entrepreneurs resulting in economic development of the State. The Centre will work to provide end to end solutions for innovators and entrepreneurs in commercially testing their agri-business models and up scaling them.  Provision of continuous handholding support in terms of capacity building, knowledge dissemination, business development, marketing etc. by the Centre is expected to benefit many budding entrepreneurs in the State over a period of time and generate gainful employment.
NABIC will work as catalyst for developing an ecosystem conducive for growth of agripreneurship in the State and foster a “Start-up” culture.

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