• Agrinnovate India Limited (AGIN), the commercial arm of Indian Council of Agricultural Research (ICAR), has declared its first-ever dividend of Rs 1.42 crore for the 2023-24 fiscal since its inception in 2011.

• The dividend was formally presented to Union Agriculture Minister Shivraj Singh Chauhan.

• The dividend declaration underscores AGIN’s commitment to financial sustainability, institutional accountability, and its broader mission of advancing India's agricultural innovation ecosystem.

Agrinnovate India

• Agrinnovate India Ltd (AGIN) was incorporated under the Companies Act, 1956 on October 19, 2011.

• The company is a 100 per cent government of India company under Department of Agriculture Research & Education, Ministry of Agriculture.

• It acts as an effective interface between Indian Council of Agricultural Research (ICAR) on one side and the stakeholders of agricultural sector on the other side, for a significant purpose of securing, sustaining and promoting global agricultural development.

• The company has been set up with a vision to stimulate, foster, enhance and catalyse innovation and capacity driven agricultural development through partnerships and a mission to boost pace of agriculture development through efficient use of innovation, human resource and capabilities of National Agriculture Research and Education system (NARES).

• It aims to promote the development and spread of R&D outcomes by forging partnerships both in the country and outside for the public benefit.

• AGIN serves as the bridge between agricultural research and practical implementation, playing a crucial role in transferring, evaluating, and scaling up agri-technologies across India to benefit farmers and entrepreneurs.

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