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Samunnati, an agri value chain enabler, has issued its first-ever Rs 50 crore green bond, with Northern Arc Capital as the primary subscriber. Samunnati will use the green bond proceeds to develop climate-smart agriculture solutions across various agricultural value chains in India, supporting its mission to empower smallholder farmers and advance sustainable development.
“This is a significant milestone Samunnati’s team has achieved so far towards sustainable finance and environmental responsibility. The funds raised will support adoption of climate-smart agriculture solutions across different agriculture value chains in the country,” said Anil Kumar, CEO and Founder of Samunnati, in a statement.
“Partnering with Northern Arc Capital marks a significant step towards empowering rural communities and building a greener future. Northern Arc’s subscription underscores the confidence they have placed in Samunnati’s vision and reinforces the collective efforts toward creating a positive environmental impact,” he added.
