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Samunnati secures US $16 MN credit financing from Blue Earth Capital
22-Jun-2024 - 0 Comments.
Samunnati, a leading agri value chain enabler, has raised its single largest debt tranche of Rs 133 crores ($16 million) during the first quarter of FY 24-25 from Blue Earth Capital, a Swiss headquartered global impact investment firm.
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How to set up Pudina (Mint) Farm in India
13-May-2024 - 0 Comments.
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All Villages to Have Access to Agricultural Credit by 2027, Announces Cooperation Minister
10-Mar-2024 - 0 Comments.
In a move to boost rural development and empower farmers, Union Cooperation Minister Amit Shah announced the government's ambitious plan to establish Primary Agricultural Credit Societies (PACS) in every village across India by 2027.
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Agri fintech KIVI closes seed round, positions to serve the farmgate ecosystem with credit, commerce and distribution
13-Oct-2023 - 0 Comments.
Agri-fintech startup KiVi, operated by Agrosperity Tech Solutions Private Limited, announces the conclusion of its seed round of Rs 15 crore led by Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators and Entrepreneurs Foundation, among others. KiVi is incubated at IIT Madras Research Park and stands for kisan vikas - farmer development.
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Mitsubishi Corporation's rice-paddy methane reduction project approved under J-Credit scheme
29-Jun-2023 - 0 Comments.
Mitsubishi Corporation (MC) has announced that its application for the registration of its Rice-paddy methane-reduction project under Japan's J-Credit Scheme has been approved by the certification committee.
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Best Agrolife bags A- credit rating from Care Ratings
22-Nov-2022 - 0 Comments.
Indian agrochemical major Best Agrolife Ltd. (BAL) on Friday informed that CARE Ratings Limited has assigned a 'CARE A-' rating to the long-term bank facilities of the company with a stable outlook.
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Federal Bank begins testing for RBIH-developed KCC
23-Sep-2022 - 0 Comments.
Federal bank officially launched the pilot for Instant Kisan Credit Card (KCC) in the presence of the Reserve Bank Innovation Hub (RBIH) and the Tamil Nadu state government.
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Union Bank of India digitizes Kisan Credit Card
20-Sep-2022 - 0 Comments.
Union Bank of India has announced an Industry-first, farmer-focused end-to-end digitalization of Kisan Credit Card product as part of flagship Digital Transformation project ‘Sambhav’.
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DLL India sells its agriculture, healthcare finance portfolio to Kotak Bank
11-Jul-2022 - 0 Comments.
Kotak Mahindra Bank, a private sector lender, announced that it has purchased the portfolio of agricultural and medical equipment financing from De Lage Landen International BV's Indian business (DLL). With this, the bank has acquired 25,000 new clients with a credit balance of roughly INR 582 crore.
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Agriculture ministry signs MoU with UNDP for strategic partnership on Agriculture, Crop Insurance and Credit
02-Jun-2022 - 0 Comments.
The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) wherein UNDP will provide technical support towards Centre’s aspirational Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme & Kisan Credit Card – Modified Interest Subvention Scheme.
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Ninjacart partners with Avanti Finance to launch innovative credit products focused on agri value chain
11-Apr-2022 - 0 Comments.
Ninjacart, India's leading agri-platform which leverages technology to organise the agriculture ecosystem, has expanded its capabilities within the agri-tech space championing digital financial inclusivity through a strategic partnership with Avanti Finance.
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Agricultural Bank of Egypt announces increase in agricultural credit categories for small farmers
28-Mar-2022 - 0 Comments.
The Agricultural Bank of Egypt (ABE) announced an increase in agricultural credit categories of 25 per cent to support small-scale farmers in the face of rising prices for inputs and production.
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BOB Financial, CreditAI launches co-branded credit card for farmers
11-Mar-2022 - 0 Comments.
BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda (BoB), and CreditAI Fintech Pvt Ltd (CAI), a Singapore and Bengaluru based farmer digitisation and credit scoring company have launched Unnati – a co-branded credit card exclusively for farmers. The card has been launched as a contactless offering on the Visa network.
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NABARD permits MSC Bank to refinance PACCs
28-Feb-2022 - 0 Comments.
In a major development, NABARD has given permission to Maharashtra State Cooperative (MSC) Bank to give short-term refinance to the Primary Agriculture Credit Cooperative Societies (PACCs), connected with those DCCBs which are weak or not in a position to give finance to them.
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NABARD expects to lend INR 6.13 lakh crore to priority sectors in Maharashtra during 2022-23
22-Feb-2022 - 0 Comments.
The National Bank for Agriculture and Rural Development (NABARD) in its state focus paper on Monday has projected a potential credit outlay of INR 6.13 lakh crore to priority sectors in Maharashtra during 2022-23 against INR 5.95 lakh crore for 2021-22.
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Samunnati signs co-lending partnership with IndusInd Bank exclusively for FPOs
26-Dec-2021 - 0 Comments.
Samunnati an agri-value chain enabler has entered an industry first co-lending agreement with IndusInd Bank to expand credit accessibility and market linkages for farmer producer organisations (FPOs) across the country.
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Kentucky Agricultural Finance Corporation sanctions credit scheme for Agri projects
06-Jul-2021 - 0 Comments.
The Kentucky Agricultural Finance Corporation (KAFC) approved USD 967,643.50 in seven agricultural loans for projects across the commonwealth at its board meeting last month.
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SBI scouts agritech partnerships to push farm credit
22-Jun-2021 - 0 Comments.
State Bank of India (SBI) explores opportunities to enter into partnerships with selected Agritechs to handle high volume and low-ticket loans in the Agribusiness optimally through a digital strategy.
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Kerala farmers can access 6.4% agri specific short term loan
21-Jun-2021 - 0 Comments.
The Ministry of Agriculture has come up with a short-term credit scheme for farmers who require funds to complete pending agricultural activities. All primary cooperative credit societies and the Kerala Gramin Bank will extend the loan support. The scheme is likely to be introduced by next week.
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India rating affirms stable credit rating for Avanti Feeds & Foods
25-May-2021 - 0 Comments.
Mumbai-based credit rating agency, India Ratings & Research Private Limited (India Ratings), has Affirmed stable credit ratings to Avanti Frozen Foods Pvt. Ltd.
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Agriculture Infrastructure Fund applications cross INR 8000 crore mark, set to transform agri-infrastructure
05-May-2021 - 0 Comments.
Agriculture Infrastructure Fund has crossed the INR 8000 crore mark after receiving 8665 applications worth INR 8216 crores. The largest share of the pie is contributed by Primary Agricultural Credit Societies (PACS) (58 percent), agri-entrepreneurs (24 percent) and individual farmers (13 percent). These investments are for a wide range of projects which will unlock value for farmers across the country.
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Aquaconnect inks pact with Bank of Baroda, formal credit to over 15 MN fish farmers on the cards
10-Mar-2021 - 0 Comments.
A leading aquaculture tech company Aquaconnect has partnered with Bank of Baroda, India’s leading public sector bank to pave the way for access to formal credit for 1.6 million aquaculture farmers.
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Budget 2021-22: Finance minister proposes 9 measures for agriculture, allied sectors; agri credit target enhanced to INR 165,000 crore
02-Feb-2021 - 0 Comments.
In a slew of steps to support the agriculture sector, minister for finance & corporate affairs Mrs Nirmala Sitharaman announced 9 measures for Agriculture Sector as part of inclusive development for aspirational India while presenting the Union Budget 2021-22.
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Precision farming agritech startup Fasal launches water credit initiative
17-Dec-2020 - 0 Comments.
Precision farming agritech startup- Fasal has launched FASAL WATER CREDIT ™ to encourage its farmers to save water and money with sustainable farming practices.
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Timely agri inputs, credit made it possible for record sowing acreage even during pandemic lockdown conditions, says Narendra Singh Tomar
06-Sep-2020 - 0 Comments.
In the current season of Kharif 2020, a record area of 1095.38 lakh hectares has been covered. Sowing of rice still continues while sowing of pulses, coarse cereals, millets, and oilseeds is almost over. There is no impact of COVID-19 on the progress of area coverage under Kharif crops as on date.
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State Bank of India launches new feature on YONO Krishi Platform for farmers
15-Aug-2020 - 0 Comments.
India largest public sector bank, State Bank of India (SBI), has introduced a new feature known as Kisan Credit Card Review on YONO Krishi.
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Government giving 1.5 crore dairy farmers Kisan Credit Cards
02-Jun-2020 - 0 Comments.
The Government will provide Kisan Credit Card (KCC) to 1.5 crore dairy farmers belonging to Milk Unions and Milk producing Companies within the next two months (1 June-31 July 2020) under a special drive.
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Finance Minister announces INR 2 lakh crore credit to farmers under Kisan Credit Card Scheme
15-May-2020 - 0 Comments.
Understanding the need for credit in the amidst COVID 19 lockdown period, Indian finance minister, Nirmala Sitaraman has announced INR 2 lakh crore (USD $ 26.7 billion) to farmers under Kisan Credit Card Scheme.
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Govt sanctions INR 17,800 Cr loans, clears INR 2424 Cr under PMFBY insurance claim
16-Apr-2020 - 0 Comments.
Under the Kisan Credit Card (KCC) 18.26 lakh applications have been sanctioned for loans worth INR 17,800 cr and INR 2424 crores have been disbursed to the beneficiary farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY)
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Bank of Baroda extends financial support to farmers due to CONVID-19
07-Apr-2020 - 0 Comments.
Bank of Baroda has announced various schemes for the agriculture sector and Emergency Credit Line for Farmer Producer Organization (FPO/ FPC)
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India Budget 2020: Target of USD 209 BN in agri-credit for 2020-21 set
01-Feb-2020 - 0 Comments.
Providing a huge boost to the farming sector, Indian finance minister Mrs Nirmala Sitharaman in her second financial budget set agriculture credit target of USD 209 billion (INR 15 lakh crore) for the year 2020-21.
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India announces interest subvention scheme for farmers
09-Jan-2019 - 0 Comments.
With a view to ensuring availability of agriculture credit {including loans taken against Kisan Credit Card (KCC)} at a reasonable cost/at a reduced rate of 7% per annum to farmers, the Government of India, is implementing an interest subvention scheme of 2% for short term crop loans up to INR 300,000.
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BUDGET 2018-19: India allocates $15 BN more credit for agriculture sector
01-Feb-2018 - 0 Comments.
The Government announced raising institutional credit for agriculture sector to USD 170 billion (INR 11 lakh crore) for the year 2018-19 from USD 155 billion (Rs10 lakh crore) in 2017-18, an increase of USD $15 billion
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Indian Budget 2017: Farm credit fixed at $147 BN during 2017-18
01-Feb-2017 - 0 Comments.
Indian finance minister, Arun Jaitley while presenting his fourth budget today has said that adequate credit would be made available to the farmers in time and the target for agricultural credit in 2017-18 has been fixed at a record level of $147 billion
