Timely and adequate availability of finance is a prerequisite for the growth of any sector and agriculture is no exception.
However, the challenges in accessing finance have hampered the growth of this sector specifically. The existing financial infrastructure in India has not been able to meet the key financial needs that arise along agricultural value chains. Many agri intermediaries, as well as farmers, are either left un-served or underserved due to the lack of timely access to institutional finance via agriloans. The market demand for smallholder agriculture finance is huge and is largely unmet. Without access to credit, most smallholders are restricted to farming, trading, processing practices that result in low levels of productivity. Although various financial institutions have come up and have set up shops in rural India, the majority of agri stakeholders still have limited or no access to them.
For the inclusive development of the agriculture sector, financing is an important element. It can play a critical role in plugging the gaps in agriculture and ancillary sectors by providing end-to-end solutions like credit and service to various participants in the agri value chain ranging from farmers, aggregators, traders, processors, importers, and exporters. Agri financing has an important role to play in supporting both on and off-farm agricultural activities and businesses including: input provision; production and distribution; wholesale; processing and marketing.
Denne historien er fra May-June 2019-utgaven av Business Of Agriculture.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May-June 2019-utgaven av Business Of Agriculture.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Internet Of Things Based Smart Farming: A Revolution On Its Way
In this technological era of smart cities and digitalisation of livelihoods, the primitive method of farming is slowly fading away.
Covid-19 Implications For Farmers, African Agriculture And Food Security
How will Africa ensure food security for its millions of poor citizens and smallholder farmers?
Covid-19 Impact On The Livelihood Of Small And Marginal Farmers
In India, small and marginal farmers account for 86.2 percent of all farmers (Agriculture census 2015 – 2016) and produce about 60 percent of farm goods.
Climate Change And Its Impact On Indian Agriculture
Climate change is caused by a change in the total amount of energy that is kept within the Earth’s atmosphere.
SafalFasal unlocks financial access for 75,000 Indian farmers, aims to repair Coronavirus-hit supply chain
Global digital payment solutions leader BPC and its SME Marketplace, SafalFasal, have supported more than 75,000Covid-hit farmers across India by offering technological and financial solutions to help the farm sector keep food and supply chain rolling, during and after the lockdown phase. The company has successfully extended formal financing to the farming industry by creating an easy credit line via NBFCs.
SECURING FARMERS WITH TECHNOLOGY: HOW AGRITECH CAN BE A SOLUTION TO FARMERS' PRODUCE-RELATED WOES
Contributing about 15 percent to India’s GDP, the agricultural sector sustains almost half the population of the country.
ISSUES AND PRIORITIES FOR INDIAN AGRICULTURE
Agriculture is the backbone of the Indian economy as 60 percent of the population depends directly or indirectly on agriculture.
THE IMPACT OF CORONAVIRUS ON THE AGRICULTURE SECTOR OF INDIA
As the world comes to a standstill and public life shuts down across the globe, all have their eyes on the healthcare systems which are buckled under the strain of the COVID-19 pandemic.
INDUSTRY 4.0 IN AGRICULTURE
At present, the world population is around 7.8 billion and expected to grow up to 8.5 billion in 2030, 9.7 billion in 2050 and 10.9 billion by 2100.
AN OVERVIEW OF THE OUTCOMES OF THE G-20 AGRICULTURE MINISTERS' MEETING
The international system works in a collective mechanism on certain issues wherein countries form groups to tackle an emergency or crisis.