Why open agri-networks are key to scaling Agri 4.0 in India
It requires solutions focussing on grass-roots level interventions and innovations.
It requires solutions focussing on grass-roots level interventions and innovations.
This niche technology can be applied to simplify financial procedures, as well as to integrate all the stakeholders in the agri sector.
During the second wave of the pandemic, agrarian communities in rural India had to bear the brunt of stricter and longer lockdown measures. In fact, smallholder farmers lost a significant chunk of their incomes when supply chains were not working at full capacity.
To free Indian farmers from the vulnerabilities of farming risks, and to promote the culture of insurance across rural India and especially among smallholder farmers.
Specialised agri value chain enabling start-up Samunnati on Saturday launched an insurance initiative Annadata Suraksha Abhiyaan (ASA) to cover farmers from daily farming risks.
Watch our founder & CEO, Anilkumar SG in conversation with TR Vivek, from the Business Line (aka The Hindu Business Line)
SatSure would enable farm-level monitoring of crop performance for loanee farmers of Samunnati and Samunnati would provide financing solutions to SatSure for their working capital and expansion requirements.
The agriculture industry employs around 58% of the Indian population contributing significantly to the Indian economy at around 18% of the country’s GDP. The sector is highly reliant on factors such as manpower, capital and rainfall, all of which pose a formidable challenge.
The financial support will be complemented with technical assistance led by the Rabo Foundation to focus on areas of business management and help in building stronger linkages to the markets.
Samunnati believes agriculture in India is more than it appears to be – it is diverse, vibrant and spirited. In fact, Indian agriculture is constantly evolving, not just for the technology it uses or modern practices it appropriates.