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Government to launch AGRI UDAAN-Food and Agribusiness Accelerator 2.0 programme

The Union Government is going to launch AGRI-UDAAN Food and Agribusiness Accelerator 2.0 programme in an attempt to promote innovation and entrepreneurship in agriculture. It will mentor startups and help them connect with potential investors. 

Key facts

The programme will help convert innovative ideas from India’s rural youth into viable businesses startups and help them connect with potential investors. It aims to attract the youth from rural India and elsewhere, and train them so they can add value to the farmers’ produce.

It is managed by ICAR-NAARM’s (Indian Council of Agricultural Research-National Academy of Agricultural Research Management) technology incubator, a-IDEA along with IIM Ahmedabad’s Centre for Innovation.

Under the programme, start-ups will get incubation space to run their businesses and have access to research laboratories and libraries. It will also help the selected start-ups with regulatory services like company registration and environmental compliances.

In the first round of the programme 40 start-ups will be shortlisted who will pitch their ideas to a panel of evaluators. Out of these, 8 to 12 start-ups will be selected for the final capacity building workshop. Following an intensive training lasting six months, the new start-ups will be connected to investors for funding.

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Union Government launches Coal Mitra portal to facilitate flexibility in utilization of domestic coal

The Union Ministry of Coal has launched Coal Mitra, a web portal for allowing flexibility in utilization of domestic Coal.

It was launched by Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines Piyush Goyal in New Delhi.

Key Facts
  • The Coal Mitra Web Portal aims at optimum utilisation by private as well as public power companies of the coal.
  • It facilitates transfer of the coal reserves to more cost efficient State/Centre owned or Private sector generating stations.
  • The portal allows coal swapping between PSUs and the Private Sector in transparent manner and also helps to reduce operational and logistic costs, bringing power tariffs down for the consumers.
  • It facilitates state/Central Gencos to display information about normative fixed and variable charges of electricity for the previous month.
  • They can also display margin available for additional generation so as to enable the utilities identify stations for transfer of coal.
  • It will host data on Quantity and source of supply coal to the power plant, Operational and Financial parameters of each coal based station and Distance of Power plant form the Coal mine.

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