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Finance

Cabinet approves modifications in financing facility under Agriculture Infrastructure Fund

The eligibility has now been extended to State Agencies/APMCs, National & State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs) and Federations of Self Help Groups (SHGs) The Union…

NGen announces $4.2 M funding to revolutionise mushroom harvesting by robots

Mycionics, in partnership with Whitecrest Mushrooms and Piccioni Brothers Mushroom Farm, will deploy and demonstrate the commercial viability Next Generation Manufacturing Canada (NGen), the industry-led organisation behind Canada’s Advanced Manufacturing…

Licious raises $192M investment for technology led supply chain transformation  

The round is led by Singapore-headquartered Investment Company Temasek, and Multiples Private Equity.    Bengaluru-based Licious, a tech-powered, full stacked D2C fresh meat and seafood brand, has announced Series F…

Anterra Capital closes initial $175 M second global food and agri tech fund

Anterra’s mission is to invest in and partner with entrepreneurs transforming vital food economy through biotech and digital innovation across crop science, animal health and human nutrition Anterra Capital (Anterra),…

Skylark Drones raises $3M in pre-series A funding round

The fund will be used to enhance actionable insights from drone data that it provides Skylark Drones, a leading drone platform company, has secured $3 million in a pre-series A…

Sonalika records 30.6% growth in Q1 tractor sales

Sonalika Tractors is fully geared up to launch maximum new tractors even in FY’22 Sonalika Tractors has quashed all records to clock the highest ever Q1 cumulative tractor sales at 33,219…

Solvay completes acquisition of Bayer’s global seed coatings business

The acquisition strengthens Solvay’s existing seed care portfolio in bio-based, seed-applied solutions; enables reinvestment opportunities for Bayer Solvay and Bayer have recently announced the successful closing of Solvay’s previously announced…

Mahindra records sell of 46875 tractors during June 2021  

Domestic sales in June 2021 were at 46875 units, as against 35844 units during June 2020.    Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group,…

Union agri minister Narendra Singh Tomar flags off Crop Insurance Awareness Campaign

The agriculture minister flags off IEC vans which will continue to engage the farmers on the PMFBY throughout the crop insurance week Union Minister of Agriculture & Farmers Welfare Narendra…

Gourmet Garden raises Rs 25 crores in latest round of funding

The startup aims to expand their zero-contamination farming operations, broaden the portfolio with additional fresh categories Gourmet Garden has announced its latest round of funding of Rs 25 crores led…

Finance minister announces revival package for NERAMAC

A total of Rs 77.45 crore will be provided NERAMAC North Eastern Regional Agricultural Marketing Corporation (NERAMAC) was mentioned by Finance Minister (FM) Nirmala Sitharaman at the recently held press…

FM announces subsidy of Rs 14,775 Cr for DAP & P&K fertilisers

The existing NBS subsidy was Rs 27,500 crore in FY 2020-21 which has been increased to Rs 42,275 crore in FY 2021-22 Union Finance & Corporate Affairs Minister Nirmala Sitharaman…

Samunnati launches FPOnEXT, network for FPO finance

The network aims to provide access to financial solutions, market linkages, and value added services to the FPOS   Chennai-headquartered NBFC Samunnati has launched FPONEXT – an exclusive network of…

APEDA to continue financial assistance under APFEP Scheme till June 30 

New proposals under existing schemes will be invited for approval of financial assistance which will have to be completed by June 30, 2021.   According to office Memorandum no. F.…

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