The proceeds from this Green Bond will be used for financing climate smart agriculture solutions across different agriculture value chains in the country.
Samunnati, a leading agri value chain enabler, achieved a landmark milestone with the successful issuance of its first-ever Rs 50 crore Green Bond, a landmark achievement for climate financing in the Indian Agriculture sector. Northern Arc Capital, a leading digital lending platform, has been the primary subscriber for this issuance.
The proceeds from this Green Bond will be used for financing climate smart agriculture solutions across different agriculture value chains in the country, this pioneering effort aligns perfectly Samunnati’s mission to empower smallholder farmers and promote sustainable development.
“We have successfully raised Rs 50 crore through the issuance of Green Bonds. 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. 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”, said Anil Kumar, CEO and Founder of Samunnati.
This Green Bond issuance not only marks a significant milestone for Samunnati but also sets a precedent in the agriculture sector. By leveraging innovative financial instruments, Samunnati aims to accelerate climate action in Indian agriculture.
Samunnati is paving the way for the future of the Indian agriculture landscape with its long-term, community-centric approach to sustainability initiatives and programs. By blending awareness with on-ground execution, enabling financial inclusivity, and harnessing the power of technology and data, Samunnati is setting a benchmark for addressing the challenges of climate change. This forward-looking strategy not only supports the immediate needs of farmers but also lays the foundation for resilient and sustainable agricultural growth, ensuring that Indian agriculture thrives amidst changing climate.
