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Finance

Aquaconnect launches financial risk management service

AquaCRED facilitates BFSI players to extend their services across the value chain and thus ensure easy formal credit availability to the farmers.      Aquaculture start up Aquaconnect launches a…

Maldives-India cargo ferry to boost economies: PM Modi

Maldives-India Cargo ferry service would strengthen the friendship between the two countries In a recent tweet replying to Maldivian President Ibrahim Mohamed Solih, PM Modi has said that the Maldives-India…

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

Axis Bank would offer a wide range of end-to-end financial solutions & services like affordably priced loans, deposits, withdrawals and payments   Axis Bank, India’s third largest private sector bank…

Supply chain digitizer Silo raises $9 Mn in Series A funding

Series A led by Andreessen Horowitz, other investors included investors Initialized Capital and Haystack Ventures.      Cloud-based supply chain streaming platform Silo has raised a $9 million Series A…

Japanese firms Mitsui and Nisso jointly acquires 56% stake in Bharat Insecticides Ltd

It will strengthen BIL’s ability to deliver innovative crop protection products        New Delhi based company Bharat Insecticides Limited, specializing in agrochemical products, is now associated with Mitsui…

Bayer opens application window for Grants4Ag  

Initiative offers financial support for novel approaches and enabling technologies in crop research        Bayer announced that it has opened the application window for its Grants4Ag initiative. First…

Bank of Baroda introduces various initiatives to boost tractor financing  

The bank has replicated `Cluster Model for Tractor Financing` presently operational in multiple cities       The Bank of Baroda has announced three new initiatives towards improving credit penetration…

NABARD sanctions Rs 1,568 cr under Agri Infra Fund

NABARD has received 3,055 proposals of PACS (Primary Agriculture Credit Societies) through state cooperative banks in 22 states The National Bank for Agriculture and Rural Development (NABARD) has given in-principle…

Suguna Foods inks $15 Mn deal with ADB to sustain poultry farming operations  

ADB’s assistance will provide essential liquidity support to Suguna’s operations during this COVID-19 crisis  The Asian Development Bank (ADB) has signed an agreement for $15 million of debt financing through…

SBI to launch ’SAFAL’ loan for organic cotton farmers

The bank is using Artificial Intelligence (AI) and Machine Learning (ML) in a big way for generating business   State Bank of India is planning to launch a loan product,…

Investments in Indian Agritech companies hit $532 Mn mark

EY report predicts Agritech startups to account for $24 billion by 2025 In its report ’Agritech-towards transforming Indian agriculture’, Ernst & Young (EY) recently revealed that India’s burgeoning startup ecosystem…

Amul to invest Rs 1500 crore in dairy ,edible oil, bakery and potato processing

GCMMF has forayed into edible oil and potato processing to boost the income of farmers in Gujarat and other states       Gujarat Cooperative Milk Marketing Federation Ltd GCMMF, which…

Agritech startup Aibono secures USD 2 million funding

The current capital raise is led by Japanese venture capital firms Rebright Partners and Mitsui Sumitomo Insurance Venture Capital     Agri-tech startup Aibono has raised USD 2 million (about Rs…

New Fund by HSBC to focus on climate change issues

Initiative designed to achieve financial return with positive impact on world’s biodiversity With the goal to be the world’s largest natural capital manager, HSBC Global Asset Management has entered into…

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