Agri-tech firm offers finance and commerce solutions to farmers’ collective and agricultural enterprises. The loan size ranges from Rs 5,000 to Rs 20 crore at an interest of 13-18 percent.
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.
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 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, a Chennai-based organisation which works with Farmer Producer Organisations (FPOs) and other players in the agri ecosystem, has joined hands with the University of Hyderabad to introduce these deep technologies that promise to reduce operational inefficiencies.
Dvara E-Registry has announced a new partnership with Agri value chain solutions provider Samunnati Financial Intermediation and Services Private Limited.
