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Finance

IFC join hands with Axis Bank to provide a $500 Mn Climate loan in India

 The climate loan aim to promote sustainable growth, create jobs and finance green/blue projects. The International Finance Corporation (IFC), a member of the World Bank Group and the largest global…

SLCM, PNB and Bandhan Bank collaborate to offer unified collateral management solutions

SLCM will leverage its patented technology ‘Agri Reach’ and support these banks by offering more efficient post-harvest credit and advanced storage services to its stakeholders. Sohan Lal Commodity Management (SLCM),…

BioPrime closes $6 Mn in Series A round funding to advance development of biologicals

The company plans to launch its existing range of innovative biostimulants in North America, Brazil & Southeast Asia with trials in the US currently underway. BioPrime, a pioneer in the…

Gujarat Co-operative Milk Marketing Federation (AMUL) records turnover of Rs 59,545 Cr in 2023-24

The group turnover of Brand Amul reached Rs. 80,000 crores (USD 10 billion) in 2023-24 from Rs 72,000 Crores (USD 9 billion) in 2022-23. The 50th Annual General Meeting of…

Delhi based Indogulf Cropsciences plans Rs 200 Crore IPO

Out of the IPO proceeds, Rs 100 Crore will be used for working capital, Rs 40 Crore for debt repayment, and Rs 14 Crore for setting up a dry flowable…

 Mahindra’s FES records sale of 43201 tractors in India during September 2024

Total tractor sales (Domestic + Exports) during September 2024 were at 44256 units, as against 43210 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Sahyadri Farms achieves the turnover of Rs 15,489 Mn in FY 2023-24

Company records a remarkable 55 per cent growth in revenue from the previous year, with industry-leading EBITDA margins of 11.08 per cent. Nashik based Sahyadri Farms, India’s largest fully integrated…

Arya.ag releases its Impact Performance Report

The report highlights that 85 per cent of farmers accessed financial services through Arya.ag’s platform, and 87 per cent of MSMEs accessed working capital. Arya.ag, India’s largest and only profitable…

Agreena join hands with IFC to boost bank support for regenerative agriculture

The collaboration aims to expand the regenerative agriculture transition through improved access to finance for farmers, while supporting banks to achieve their green finance goals. The International Finance Corporation (IFC),…

BL Agro unveils Vision 2030 aiming for Rs 20,000 Crores turnover

The group presented its bold plans for future at World Food India 2024 with an ambitious blueprint for growth and MoU with Poland based Arya Capital. BL Agro Group, a…

Cabinet approves Nutrient Based Subsidy (NBS) rates for Rabi Season, 2024 on P&K fertilizers

The subsidy on P&K fertilizers will be provided based on approved rates for Rabi 2024 (applicable from 01.10.2024 to 31.03.2025) to ensure smooth availability of these fertilizers to the farmers…

 Shivraj Singh Chouhan launches AgriSURE Fund for Start-ups & Rural Enterprises

With a focus on technology-driven, high-risk, high-impact ventures, AgriSURE is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem. In a significant development for the…

Mahindra’s Farm Equipment Sector records 36% growth in the exports market over last year

 Company’s domestic sales in August 2024 were at 20518 units, as against 20647 units during August 2023.  Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group,…

Cabinet approves the Digital Agriculture Mission with an outlay of Rs. 2817 Cr

The Mission is conceived as an umbrella scheme to support digital agriculture initiatives, such as creating Digital Public Infrastructure, implementing the Digital General Crop Estimation Survey (DGCES). The Union Cabinet…

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