Agri-Fintech, Carbon Financing & Blockchain: Technovate 2025
The panel discussion on Agri-Fintech, Carbon Financing & Blockchain: The future of Sustainable Farming Investment was moderated by Vidya Soundarajan, CEO, IORA Ecological Trust and Founder and CEO Eyekyam Risk Resolutions. The panellists were Jaideep Pawar, Founder and CEO, GRAMePay; Karthikeyan B, Executive Director, Human Ventures; Gaurav Sonwanshi, Co-Founder and CEO, Emertech Innovation
On being asked by Soundarajan what role does GRAMePay play, Pawar mentioned that he spent close to about 25 years granting financial services to women. He said, “I had the experience of working in rural part of the country because when we were doing enrollments in rural part of the country for UIDAI, Rashtriya Swasthya Bima Yojana, we realised one thing that there is potential but it is not there. Lack of awareness and financial literacy is the reason why people are not able to upgrade their jobs. And this is where we tried to create a solution for rural India.”
Pawar said, “We cater to financing small and marginal farmers. Close to 15 crore land holdings are there in the country. Out of which small and marginal farmers are close to 12.6 crore. And 8.8 crore land holdings out of this are not having access to formal credit. So, I think there is a need to someone bridge the gap between the small and marginal farmer and the formal credit.”
He said, “Banks have money and are mandated to provide money but they also have their own set of challenges. The banks have been far from agriculture for too long. Banks have limited understanding of the improvements in agriculture. Banks are very well aware of what was lent in the past in agricultural projects and have a better understanding of what has succeeded and failed. Hence, banks shy away from saying yes rather than no while lending out money for the agri sector.”
Pawar mentioned, “Agri-tech providers have brilliant solutions, but are their takers at the farmer’s end. We are trying to take agri-techs, banks, governments, government schemes, foundations etc together.
Gaurav Somwanshi talked about trying to digitise the supply chain primarily using the blockchain technology. He said, “While digitizing the supply chain, we came across many challenges. Many bubbles burst, but many insights were learned. Digitalisation is necessary, but you need to make the solutions quick, adaptable, customisable and affordable.
He added, “You need to push blockchain and AI just for the sake of it, but finding out those key points where it’s going to unlock value is a must. The journey is primarily led by innovations and the insights that come directly from the farmers and markets themselves.”
Karthikeyan in his talk mentioned, “There is a need for every bank and financial institution to actually provide funds. I don’t think they have a reason to say no to it, but the problem has been that they have not been able to connect to things that can improve farmers’ income. On the other hand, farmers cannot connect to technologies because of their risk-taking ability.”
The panel discussion on Agri-Fintech, Carbon Financing