AfDB grants $260 million loan to strengthen agricultural sector and value chains to Congo

20-Jul-2024 - 0 Comments.

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help finance the Project to Support the Development of Value Chains as part of its backing for the Agriculture Transformation Programme (PADCV-PTA).

Supply chain finance platform SaralSCF disburses over INR 940 Crore in FY24

28-May-2024 - 0 Comments.

Supply chain finance platform SaralSCF has reported outstanding growth in FY24, with a disbursement of over ₹940 Crore across 1.46 lakh invoices. 

Arya.ag, Shivalik Bank partners to empower farmers with INR 200 Crore in commodity financing

14-Mar-2024 - 0 Comments.

Arya.ag, India's leading integrated grain commerce platform, has partnered with Shivalik Small Finance Bank to provide vital financial assistance to farmers, agro-processors, and micro-enterprises.

Fasal cultivates future of horticulture value chain with INR 100 Cr Series-A funding

15-Jan-2024 - 0 Comments.

India's full-stack horticulture pioneer Fasal announced that it has raised INR 100 crores in its Series-A funding round led by TDK Ventures and British International Investment (BII), the United Kingdom's development finance institution and impact investor, with contribution from ITI Growth Opportunities Fund, Navam Capital and Aureolis Ventures.

Global aquaculture will provide 59% of fish for human consumption by 2030

25-Nov-2023 - 0 Comments.

In view of a range of critical threats posed by climate change and increasing demand for food and nutritional security, Simon Feunge-Smith, Senior Fishery Officer of the Food and Agriculture Organisation of the UN (FAO) has called for enhancing blue finance for innovations and developments in the aquaculture sector. 

Indian Finance & Agriculture ministers unveil initiatives to boost agriculture

23-Sep-2023 - 0 Comments.

In a momentous event held today, Union Finance Minister Nirmala Sitharaman and Union Agriculture Minister Narendra Singh Tomar jointly unveiled a series of initiatives aimed at bolstering India's agricultural sector.

Amul ranked world's strongest dairy brand, second strongest food brand in the world

02-Sep-2023 - 0 Comments.

In a remarkable achievement, Amul has been ranked as the world's strongest dairy brand by the Brand Finance Food and Drink Report 2023. The report evaluates and ranks the strongest and most valuable food, dairy, and non-alcoholic beverage brands.

Shivalik Small Finance Bank partners with Arya.ag to empower smallholder farmers

27-Apr-2023 - 0 Comments.

Arya.ag, India’s largest and only profitable grain commerce platform at scale, has announced a strategic partnership with Shivalik Small Finance Bank – a scheduled commercial bank in India.

Mahindra-Qualcomm-backed deep tech startup enters the agri fintech space

29-Mar-2023 - 0 Comments.

Carnot Technologies, India’s leading agri AI-IoT platform backed by Mahindra begins a strategic partnership with Avanti Finance.

AgriBudget 2023-24 summary announced by Nirmala Sitharam on Feb 1

01-Feb-2023 - 0 Comments.

The Finance Minister said that the Digital Public infrastructure for agriculture will be built as an open source, open standard and inter operable public good. 

Stable taxes on tobacco products critical for the survival of FCV tobacco growers

12-Jan-2023 - 0 Comments.

Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of millions of farmers and farmworkers of commercial crops across the states of Andhra Pradesh, Telangana, Karnataka, Gujarat, etc. in their pre-budget appeal to Finance Minister, Smt Nirmala Sitharaman have requested to treat tobacco crop like any other agricultural produce and not put additional burden of taxes on legally manufactured products in India as that would have an adverse impact on tobacco farmers .

SLCM’s agri-financing arm Kissandhan on-boards more than 9600 women loan beneficiaries

15-Nov-2022 - 0 Comments.

Kissandhan, India’s leading Multi Asset Agri Finance NBFC and a subsidiary of the SLCM Group, has on-boarded more than 9600 plus women loan beneficiaries through its BC (Business Correspondent) Partnership Lending Programme and disbursed more than 413.40 Million of loan to them.

Bayer, Rabo Partnerships and Mastercard join hands to accelerate the financial digitization among smallholder farmers

11-Nov-2022 - 0 Comments.

To economically empower smallholder farmers in rural India, Bayer, Rabo Partnerships and Mastercard have entered into a partnership to launch a scalable program to advance the digitization of the country’s agricultural finance ecosystem.

Dvara E-Dairy launches cattle loan facility for farmers in Tamil Nadu, Karnataka

01-Nov-2022 - 0 Comments.

Dvara E-Dairy Solutions Pvt Ltd has launched Dvara Surabhi Loan, a ‘True cattle loan’ offered digitally by leveraging new age technologies in partnership with Jana Small Finance Bank to create scalable access to finance for unbanked and underbanked small dairy farmers in Tamil Nadu and Karnataka.

Ayekart raises USD 5.5 million in debt and equity to support growth

13-Sep-2022 - 0 Comments.

Ayekart, a startup in the agri-fintech sector, has raised USD 5.5 million from Siply, a fintech platform, and Caspian Debt, a corporate lending financial institution. The Latter provided about USD 2.5 million in debt financing, and former provided over USD 2.8 million in equity finance.

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.

Go Green Warehouse raises undisclosed funds through structured debt financing

Go Green Warehouses Private Limited, an integrated commodity management solutions provider, announced the raising of structured debt finance from a domestic financial institution.

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.

Agritech Nakhla secures finance from Euphrates Ventures

17-Mar-2022 - 0 Comments.

Nakhla, an Iraqi-based Agri-tech social enterprise, has received a six-figure investment from Euphrates Ventures, an Iraq-focused venture fund. The investment was facilitated by the Iraqi Angel Investors Network and marks the first investment round completed by an Iraqi Agri-tech startup.

Belgium and US to finance FAO-led support to Tonga's farmers

17-Mar-2022 - 0 Comments.

The governments of Belgium and the United States of America, FAO is allocating a total of USD 700,000 to re-establish agriculture livelihoods for households affected by Hunga Tonga – Hunga Ha’apai volcanic eruption and tsunami.

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.

EIB, First Capital Bank partners to provide USD 14.17m investment boost for smallholder farmers across Malawi

23-Feb-2022 - 0 Comments.

The European Investment Bank (EIB) and European Union confirmed new cooperation with First Capital Bank to transform access to finance for agricultural businesses across Malawi.

IFC, Zimbabwe partner to develop smallholder farmers' agriculture insurance

21-Feb-2022 - 0 Comments.

The International Finance Corporation (IFC), a member of the World Bank Group and Zimbabwe's insurance regulator, the Insurance and Pensions Commission (IPEC), announced a partnership to create a market for agricultural insurance products in Zimbabwe to protect smallholder farmers from weather-related crop damage and other shocks.

Arya.ag tie up with MAS Financial Services to offer agri finance to small farmers & FPOs

11-Feb-2022 - 0 Comments.

Arya, India's largest integrated grain commerce platform, today announced a tie-up with leading NBFC, MAS Financial Services Limited to offer Agri-finance to farmers with a specific focus on small farmers and FPOs.

India paid INR 2.37 lakh crore MSP to over 1.63 crore farmers during 2021-22

01-Feb-2022 - 0 Comments.

While presenting the Union Budget 2022-23 in the Parliament today, the Indian Minister for Finance and Corporate Affairs, Mrs Nirmala Sitharaman said “the procurement of wheat in Rabi 2021-22 and the estimated procurement of paddy in Kharif 2021-22 will cover 1208 lakh metric tonnes of wheat and paddy from 163 lakh farmers, and INR 2.37 lakh crore direct payment of MSP value to their accounts”.

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.

Renewable energy, agri-tech; UK farmers fresh choice post COVID-19

13-Jun-2021 - 0 Comments.

Propel, a finance company surveyed farmers across the country to reveal their economic outlook across the sector, and found that 75 percent of farmers are looking to acquire assets after tractors and trailers in the next 12 months.

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.

Farm liberalisation to bring prosperity to entire food supply chain, says Federation of Seed Industry of India

27-Nov-2020 - 0 Comments.

When the Union Finance Minister proposed 16-point action plan to boost agriculture and farmers' welfare while presenting the budget earlier this year, the stage was set for liberalisation of the farm sector. There has been a long-pending demand of the comprehensive reforms to make agriculture a sustainable and scalable industry, and the new farm laws are the steps in the right direction.

Agritech startup Freshokartz raises USD 1.4 Million in pre-series round

30-Oct-2020 - 0 Comments.

Freshokartz Agri Products Pvt. Limited, a premier Agri-tech startup has received USD $1.4 Million (INR 10 Crore) pre-series A funding from Rajasthan Venture Capital Fund (RVCF) and AWE (Achieving Women Equity) Funds to finance its rapid technology rollout while scaling its operations as a provider of premier technology-enabled omnichannel supply chain optimizing solutions along with agronomy advisory and output linkages.

Islamic Development Bank, International Islamic Trade Finance Corporation hold a webinar on agritech, digital supply chain

27-Oct-2020 - 0 Comments.

The International Islamic Trade Finance Corporation (ITFC) and the Islamic Development Bank (IsDB) (Agriculture Division) in collaboration with IsDB Group Business Forum (THIQAH) jointly held a live webinar entitled “The Role of AgriTech in Food Security & Sustainability”to discuss sustainable climate-smart agricultural technologies for achieving food and nutrition security.

Parshottam Rupala launches INR 10,000 crore NCDC Ayushman Sahakar Fund

20-Oct-2020 - 0 Comments.

Indian minister of State for Agriculture Parshottam Rupala today launched AYUSHMAN SAHAKAR, a unique scheme to assist cooperatives play an important role in creation of healthcare infrastructure in the country formulated by the apex autonomous development finance institution under the Ministry of Agriculture and Farmers Welfare, the National Cooperative Development Corporation (NCDC).

PM's new finance initiative of INR 100,000 Cr agriculture infra fund catalytic for agri-infra development: FAIFA

15-Aug-2020 - 0 Comments.

The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of millions of farmers and farm workers of commercial crops has lauded Prime Minister Narendra Modi’s INR 100,000 crore Agriculture Infrastructure Fund financing facility.

India pumps INR 150,000 crore on agriculture infra, allied sectors

16-May-2020 - 0 Comments.

Indian finance ministry has announced additional INR 150,000 crore strengthen agriculture infrastructure logistics, capacity building, governance and administrative reforms for agriculture, fisheries and food processing sectors.

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.

Budget 2020: Export target of USD 14 BN set for aquaculture sector

01-Feb-2020 - 0 Comments.

Indian finance and corporate affairs minister, Mrs Nirmala Sitharaman while presenting 2020-21 budget has set a target of USD 14 billion (INR 1 lakh crore) from blue economy exports.

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.

ZBNF: All you need to know about FM Nirmala Sitharaman’s pet project

26-Aug-2019 - 0 Comments.

Finance Minister of India Nirmala Sitharaman presented an idea of zero budget farming at the lower house of parliament during her budget speech in the 17th Lok Sabha in July this year, urging the farmers of this nation

India provides cash benifits to 120 MN small, marginal farmer families

01-Feb-2019 - 0 Comments.

To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). While presenting the Interim Budget 2019-20 in Parliament, the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal said, “Under this programme, vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of Rs. 6,000 per year.

CLFMA make representations to finance ministry before Union Budget - 2019-20, emphasis on Make in India

31-Jan-2019 - 0 Comments.

The Compound Livestock Feed Manufacturers Association of India (CLFMA) represents the manufacturers of nutritionally balanced and scientifically produced compound feeds for cattle, poultry, fish, prawns and other animals that is catering to the fast-growing animal protein needs in the country

India release details of National Bamboo Mission

08-Jan-2019 - 0 Comments.

The restructured National Bamboo Mission (NBM) was approved in April, 2018 for implementation till the end of 14th Finance Commission i.e. 2019-20

India releases model agriculture, livestock contract farming and services 2018 Act

05-Jun-2018 - 0 Comments.

With a view to integrate farmers with bulk purchasers including exporters, agro- industries etc. for better price realization through mitigation of market and price risks to the farmers and ensuring smooth agro raw material supply to the agro industries, Union Finance Minister in the budget for 2017-18 announced preparation of a “Model Contract Farming Act” and circulation of the same to the States for its adoption

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