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Agrotech, Company News, India, Sustainability

The partnership will promote innovation and digitalisation of PMFBY and strengthen risk financing for a resilient farm sector in India

United Nations Development Programme (UNDP) and Absolute Foods, a leading bioscience company specialising in agri-tech, signed a Memorandum of Understanding (MoU) to strengthen the government of India’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) and enhance the resilience of the farmers.

The partnership between UNDP India and Absolute Foods aims to enhance the implementation of the PMFBY and the Restructured Weather-Based Crop Insurance Scheme by building technical capabilities of the scheme and digitalising service delivery of crop insurance and agricultural credit processes to increase the reach and uptake of the schemes. It will also promote credit profiling of farmers, agri-entrepreneurs, and Farmer Producers Organisations (FPOs), for accurate crop loss assessment and risk evaluation to mobilise agriculture financing.

UNDP and Absolute Foods will also use advanced technology and data-driven solutions to facilitate farmland identification and enhance farm monitoring, R&D, and analytical capabilities to facilitate data-driven policymaking and fraud analytics, ensuring efficient and transparent delivery of government support to vulnerable farmers.

Speaking on the partnership, Agam Khare, Founder & CEO, of Absolute Foods, says, “There are around 150 million farmers in India. We feel privileged to partner with UNDP India to enhance the risk resilience and protection of the farming community in India. With this collaboration, we are moving one step closer to achieving our goal of empowering farmer communities & making agriculture climate resilient in India.”

UNDP has been working with the Ministry of Agriculture & Family Welfare since 2018. In 2022, UNDP’s technical support unit at the Ministry helped reach out to 1.71 crore farmers through various information, education, and communication (IEC) campaigns such as Crop

Insurance Week and organised more than 2.39 lakh Fasal Bima Pathshalas or crop insurance classroom sessions.

“Risk is an inherent part of agriculture and is one of the biggest roadblocks in improving the lives of farmer communities in India. This collaboration is an important step towards strengthening the risk and credit ecosystem for agriculture in India. UNDP India is committed to working with the government and partners to help farmers in India rise with resilience”, says Amit Kumar, Head, Sustainable and Inclusive Growth, at UNDP India.

The partnership will promote innovation and digitalisation

Organic, World

Intensity and scale of development in India has earned a place of pride for Indians located in Indonesia

Union Minister of Agriculture & Farmers Welfare Narendra Singh Tomar interacted with the Indian Diaspora at Bali, Indonesia, under the banner of Balinese & Indian Friendship Association (BIFA). 

Ms Neeta Malhotra of BIFA greeted the Minister and expressed gratitude for meeting with them. Tomar narrated the success in the agriculture sector and the programmes like PM Kisan, crop insurance, organic farming, natural farming, value chain integration, farmers producer organisations, Ayushman Bharat, etc that has transformed the life and the living of the people in rural India. 

Agriculture has proven its role as a saviour to Indian economy and helped providing over 800 million people free food during Covid-19 and post Covid under PM Garib Kalyan Yojna.

The representatives of BIFA thanked the Tomar for his visit and meeting, they also appreciated the intensity and scale of development that is being done in India which has earned place of pride for the Indians located in Indonesia. 

They also sought technical support for agriculture especially for fresh food on the concept of farm to table. 

Intensity and scale of development in India

AgroPolicy, Horticulture

Conference discusses areas such as Natural Farming, Digital Agriculture, Crop Insurance, promotion of Farmer Producer Organizations (FPOs) and Agricultural Infrastructure Fund

The two-day National Conference of Agriculture and Horticulture Ministers of the States, organized by the Union Ministry of Agriculture and Farmers Welfare in coordination with the Government of Karnataka, concluded successfully in Bengaluru. On the basis of extensive deliberations in various sessions during the conference, the States agreed to increase their contribution in areas such as Natural Farming, Digital Agriculture, Crop Insurance, promotion of Farmer Producer Organizations (FPOs) and Agricultural Infrastructure Fund towards achieving the Central Government’s efforts for Sustainable Agriculture Development, which will be a concrete step towards achieving the goal of Prime Minister Narendra Modi’s ‘AatmaNirbhar Bharat’ (self-reliant India).

The Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar said that there is tremendous potential in the agriculture sector. There is a need to focus on Innovation and technological advancements to address the emerging challenges in this sector and work towards the welfare of small farmers. He said that compared to other sectors, Agriculture performed positively during the Covid pandemic due to specific interventions of the Central Government such as the uninterrupted relaxation given to agricultural works and running Kisan Rail benefitted the agriculture sector and farmers.  Tomar emphasized that there is a need to focus our attention towards better implementation of the policies and programmes of the Government of India in coordination with the State Governments. This includes effective implementation of Digital Agriculture Mission, promotion of FPOs, development of better trade mechanism of agricultural produce through e-NAM, making best use of PM Kisan Samman Nidhi and Agriculture Infrastructure Fund for development of Infrastructure in rural areas. He said that the States need to focus on Crop Diversification keeping in view the demand for high value crops to enable increase in the farmers income. On this occasion, the Union Minister of State for Agriculture and Farmers Welfare, Shobha Karandlaje and the Agriculture Minister of Karnataka, B.C. Patil were present.

During the two-day conference, discussions were held with the States on important topics for the overall development of Agriculture in the country. The conference also deliberated upon the International Year of Millets – 2023 to be observed in the next year. Keeping in view the importance of Nutritious Cereals, the States agreed to increase their production and area, as well as promote the processing, value addition and marketing of nutritious cereals, taking all possible steps along with the Central Government.

Conference discusses areas such as Natural Farming,

Agrotech, Finance, Machinery - Pre-harvesting, Machinery – Post-harvesting

The new venture will take forward various initiatives towards a comprehensive transformation of India’s rural economy

Rhiti Group has announced collaborations with EST Global, a leading FinTech company based in the Boston Cambridge MIT ecosystem working towards investing in FinTech solutions and bringing financial inclusion.

The new venture will take forward various initiatives towards a comprehensive transformation of India’s rural economy based on principles of SDG, ESG, and Circular Economy by developing islands of economies with rural eco centres. These will interact with each other and further integrate themselves to create a decentralised rural ecosystem and address major issues faced by farmers during the pre-farming, farming and post-farming phases. The platform will also offer multiple opportunities to the rural population employed with various ancillary services in the rural economy beyond agriculture like small scale artisans and service providers. 

EST Rural Tech will provide all the pre-and post-harvest support to the rural community with AI, ML, IoT, Drone and Blockchain technology-based services, crop insurance, micro-lending and rural e-commerce all under one umbrella so that a perfectly aligned rural ecosystem gets created. This amalgamation of technology and agricultural science within the matrix of the rural economy will help farmers in making farming profitable. A reasonable, rational platform will always stand up to remove the blocks of the hinterland economy.

EST Rural Tech is launching the project of Globalagri.in throughout India. 

The new venture will take forward various