New Delhi, Apr 23 (PTI) 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 in a ceremony also attended by Agriculture Secretary Devesh Chaturvedi and ICAR Director General M L Jat.

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"AGIN has made a dividend payment for the first time since its inception," an official statement said.

Established in 2011, 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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The dividend declaration underscores AGIN's commitment to financial sustainability, institutional accountability, and its broader mission of advancing India's agricultural innovation ecosystem.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)