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Low interest rate loans, tax incentives for Agri Startups in next Budget

The idea behind supporting agritech startups in India is to make the agriculture sector more durable along with supporting small farmers and encouraging best practices through raising awareness

Currently, drones or components manufactured by China form the backbone of India’s drone industry
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BS Web Team New Delhi
The upcoming Union Budget for 2023-24 may allocate funds for providing low interest loans and tax incentives to encourage startups in the agricultural sector, the Economic Times reported.

The Centre is likely to support startups in the field of artificial intelligence (AI), machine learning (ML), remote sensing, big data, block chain, internet of things (IoT), Geographic Information System (GIS) technology, drones and robots to revamp India's agricultural sector.

The idea behind supporting agritech startups in India is to make the agriculture sector more durable along with supporting small farmers and encouraging best practices through raising awareness and applying latest

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