Fin, agri-tech start-ups tie-up could help farmers to access finance: Study

Partnerships involving agri-technological innovation get started-ups and fiscal institutions could aid far more farmers access finance by way of the formal sources, in accordance to a analyze.

The analyze, sponsored by Rabobank Basis was executed by ThinkAg, a system for agri and food stuff innovation, and MSC Consulting. The analyze revealed that only thirty per cent of the farmers access finance from formal sources, even though about fifty per cent of the compact and marginal farmers are not able to borrow from any source.

Financial institutions delivered agri credit of about $168 billion in FY18-19, of which fifty percent of

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Agri-tech platform DeHaat raises $12-million Series A round funding

DeHaat, an agri-tech platform that helps farmers obtain agri inputs and financial products and services, and provide their develop, has lifted $12 million (₹83 crore) in a Series A round funding led by Sequoia India and FMO, the Dutch entrepreneurial advancement bank. Present buyers Omnivore and AgFunder also participated in the most up-to-date round of funding.

Shashank Kumar, co-founder and CEO of DeHaat, stated the organization programs to use the money to reinforce its presence in States these types of as Bihar, Uttar Pradesh, Jharkhand, Odisha and West Bengal, the place it at present operates, and also to broaden to

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