Stellapps, Airtel Payments Bank collaborates for banking services to small dairy farmers  

     Stellapps, a leading dairy-tech startup, has joined hands with Airtel Payments Bank to enable cashless payment transfers to small dairy farmers and contribute to digital financial inclusion in the country.  Stellapps has been closely working with dairies and their milk collection centers...Read more

Arya partners with SBM to fortify its presence in commodity financing  

   Arya, India’s largest post-harvest Agritech player forays into a strategic partnership with State Bank of Mauritius (SBM), India to reinforce its competencies in financing solutions. This partnership will help create conducive conditions for the promotion of mutually beneficial goals and deeper...Read more

Aquaconnect, Bank of Baroda partner to extend credit to fish & shrimp farmers  

 The aquaculture tech pioneer ‘Aquaconnect’ has partnered with Bank of Baroda, India’s leading public sector bank to pave the way for access to formal credit for 1.6 million aquaculture farmers. This partnership has taken place at an opportune time as the Budget extensively talked about deve...Read more

Arya ties up with Canara Bank to establish effective market linkage  

Arya, India’s leading post-harvest Agritech Company entered into a strategic partnership with Canara Bank for collateral management and warehousing services to help farmers with effective market linkage today. The agreement was signed between Anand Chandra, Executive Director, and M Paramasivam, General Mana...Read more

IFFCO Bazar partners with SBI YONO Krishi App, the e-commerce arm of IFFCO has announced its integration with the SBI YONO Krishi, which is the dedicated portal catering to the farmer’s needs. This will insure that a wide variety of agriculture products are made accessible to lakhs of Indian Farmers. Hassle free...Read more

Bank of Baroda inks MoU with Mahindra & Mahindra for tractor finance

 In order to boost agriculture finance, state-owned Bank of Baroda (BoB) announced that it has entered into an MoU with Mahindra and Mahindra for tractor finance business. The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and M...Read more

Axis Bank ties up with Bayer to provide better financial solutions to farmers

Axis Bank, India’s third largest private sector bank has partnered with Bayer’s Better Life Farming initiative in India to provide improved and holistic financial solutions to smallholder farmers as well as rural farming communities. Through this partnership, Axis Bank would offer a wide range of end-t...Read more

Bank of Baroda introduces various initiatives to boost tractor financing  

    The Bank of Baroda has announced three new initiatives towards improving credit penetration in farm mechanisation. The initiatives are focused on providing better financial service to farmers and empowering them towards farm mechanisation, the bank said in a statement.  Executive Director Vik...Read more

SBI to launch 'SAFAL' loan for organic cotton farmers

State Bank of India is planning to launch a loan product, SAFAL, primarily focused on organic cotton growers who don't have any credit history, said a top official of the country's largest lender.  The bank is using Artificial Intelligence (AI) and Machine Learning (ML) in a big way for generating business, ...Read more

ICICI Bank to use innovative technology to assess credit worthiness of farmers

Private sector lender ICICI Bank will use satellite data—imagery from Earth observation satellites—to assess credit worthiness of its customers belonging to the farm sector.  “This use of innovative technology helps farmers with existing credit to enhance their eligibility, while new-to-cre...Read more

Maharashtra Govt approves ADB funded project for development of agriculture  

    The Maharashtra government has approved a project that will boost fruit and vegetable production in the state. The project will be funded by the Manila-based Asian Development Bank (ADB). The project is estimated to be worth Rs. 1000 crore out of which 700 crores will be provided by the ADB and the...Read more

Centre constitutes pan India 'Agri- Infrastructure Fund'

A new pan India Central Sector Scheme-Agriculture Infrastructure Fund has been approved by the Union Cabinet chaired by PM Narendra Modi, to provide a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interes...Read more