Cropin raises INR 113 Cr funding from ABC Impact, Chiratae Ventures, Google, and JSR Corporation
12-Jan-2023 - 0 Comments.
Cropin, the global agritech pioneer that has built the world's first industry cloud for agriculture, has secured INR 113 crores in funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures.
Samunnati open agri network enters co-lending partnership with State Bank of India for financing FPOs
Samunnati, India's Open Agri Network has entered into the largest Co-Lending partnership in India aimed at the Farmer Producer Organization (FPO) space with SBI, India's largest bank. The initial program amount is INR 100 Crores.
Samunnati crosses cumulative disbursement amount of INR 37 crores for its pre-approved loan
02-May-2022 - 0 Comments.
Samunnati, an agri-value chain enabler, and India’s largest agri enterprise announced recently that its Instant Pre-approved Loans (Sam IPL), the digital lending solution to nascent Farmer collectives (FPCs/FPOs), has crossed the cumulative disbursement amount of INR 37 Crores across 600 loans since its launch last year in July 21.
Plant Protein Innovator Proeon raises INR 17.5 Crores in seed round
07-Sep-2021 - 0 Comments.
Committed to building a sustainable and environment friendly food ecosystem, Pune based food ingredient start-up Proeon, has recently raised INR 17.5 Crores as seed capital.
PM releases PM-KISAN 9th installment, INR 19,500 crores transferred into 9.75 crores farmer accounts
10-Aug-2021 - 0 Comments.
The Prime Minister, Narendra Modi released the next installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) today through video conference.
Rallis India consolidated revenues up by 11.7% at INR 741 crores during Q1 of 2021-22
22-Jul-2021 - 0 Comments.
Rallis India Limited, a TATA Enterprise and a leading player in the Indian Agri inputs industry announced that it has recorded an increase in consolidated revenue of over 11.7 percent at INR 741 crore for the first quarter ended 30 June 2021.
Otipy raises USD $10.2 mn in Series A led by SIG, Omidyar
19-Jul-2021 - 0 Comments.
Otipy, India’s community group buying platform for fresh produce, raised a Series A financing of USD $10.2 million (Rs 76 crores) led by SIG. Omidyar Network India, Innoven Capital and existing investors IPV (Inflection Point Ventures), Pravega, and FactorE also participated in the round.
Jai Kisan raises USD 30mn in Series A funding led by Mirae Asset
31-May-2021 - 0 Comments.
Rural fintech startup Jai Kisan has raised USD 30mn (INR 217 Crores) in a combination of equity and debt in a Series A round of funding led by Mirae Asset. Blacksoil, Stride Ventures, and Trifecta Capital contributed the debt in the round whereas, Veda Corporate Advisors was the exclusive financial advisor to Jai Kisan for the fundraise.
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.
Post-harvest startup Arya crosses INR 200 crore loan book mark
05-May-2021 - 0 Comments.
Arya, India's leading post-harvest Agritech player through its digital financial solutions company, Aryadhan has crossed the book size of INR 200 Crores.
NCDC sanctions INR 19444 Cr for MSP operations support to States during Kharif season 2020-21
28-Sep-2020 - 0 Comments.
National Cooperative Development Corporation (NCDC), the apex financing organization of the agriculture ministry has sanctioned as the first installment, funds amounting to INR 19444 crores to the states of Chhattisgarh, Haryana, and Telangana for Kharif paddy procurement under Minimum Support Price (MSP) operations.
Harsimrat Kaur Badal inaugurates organic food processing unit worth INR 50 crore in Uttar Pradesh
09-Sep-2020 - 0 Comments.
With the inauguration of this food processing unit, 5000 farmers will be benefitted and it is expected to leverage an investment of INR 50.33 crores, said Mrs Harsimrat Kaur Badal, Union Minister for Food Processing Industries.
Post-harvest agri startup Aryadhan Financial Solutions disburse INR 100 Cr loan
29-Jun-2020 - 0 Comments.
Aryadhan Financial Solutions Pvt Ltd, the financing arm of post-harvest Agri startup Arya has crossed the book size of Rs.100 Crores.
Govt procure pulses, oilseeds worth INR 2682 Cr during Rabi season 2020-21
07-May-2020 - 0 Comments.
India agriculture ministry has announced that it has procured pulses and oilseeds under Rabi 2020-21 season worth INR 2,682 crores benefiting 3,25,565 farmers.
FSII members pledge INR 9 crores for COVID 19 relief measures
24-Apr-2020 - 0 Comments.
Federation of Seed Industry of India (FSII) along with its members have pledge now pledged donations of over Rs 9 cr for fighting COVID19, also known as Corona virus.
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)
SLCM agri financing arm raises INR 29 Crores through Symbiotics Group
25-Dec-2018 - 0 Comments.
Delhi based Agri Logistics group Sohan Lal Commodity Management (SLCM)’s NBFC arm Kissandhan has today announced the raising of INR 29 Crores through an issue of non-convertible debentures that were subscribed by AAV Sarl, an affiliate of global impact investment company Symbiotics Group
Over INR 45,000 Cr to be invested in storage, warehouses by 2020: JLL India Report
27-Mar-2018 - 0 Comments.
In a report released by JLL, India's largest real estate services firm, it is estimated that close to INR 45,000 crores (Cr) will be invested in creating storage facilities across India from 2018 - 2020.
Farmer Producer Companies exempted from tax: Budget 2018-19
01-Feb-2018 - 0 Comments.
Farmer Producer Companies and having annual turnover up to Rs.100 crores in respect of their profit derived from such activities for a period of five years from financial year 2018-19.