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Thursday / November 7. 2024
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The company plans to impact the lives of 1 crore farmers by 2025 by leveraging its tech infrastructure

Unnati, a FinTech-driven agriculture ecosystem, however, has stayed well ahead in terms of utilising FPOs and robust tech infrastructure to enhance farmers’ lives and revolutionise the agriculture sector. The latest announcements by the government will help further the platform’s work and create a robust Agri ecosystem in India.

Giving farmers access to tech-led business solutions to enhance their economic strengths and market linkages, Unnati empowers them through FPOs, thereby increasing farmers’ overall income. The platform equips FPOs to leverage their collective strengths and bargaining power to access financial and non-financial farm inputs, services, and technologies to optimise transaction costs and tap into high-value markets.

Furthermore, Unnati has envisaged impacting small farmers by directly supporting FPOs through a host of services, including digital payments, banking, output sale, loans, brand promotions, and agri advisory and farm predictions.

Commenting on Unnati’s FPO partnership and the government’s latest policies, Amit Sinha, Co-Founder of Unnati, said, “Unnati has been committed to building a robust ecosystem where farmers can gain easy access to the market, know their inputs and increase the quality of their yield. We have partnered with FPOs to do the same. The latest policies announced by the government will help us take this to the next level and create a robust agriculture ecosystem where farmers can reap the benefits of having access to a technologically sound working system. On the back of the Budget, we will continue to work towards the betterment of farmers’ lives through a digital agri network.”

Unnati plans to partner with 10k+ FPOs which will subsequently impact the lives of 1 crore farmers by the year 2025.

The company plans to impact the lives

A separate fund needs to be earmarked for R&D in the field of remote sensing, UAV for crop yield estimation and crop claim management and state technical units to be earmarked funds for the purpose. We expect a subsidy of 50 per cent or 10 lakhs whichever is less for buying drones and their accessories to be used for agri research to both research units and private sector agritech companies. The crop insurance premium needs to be subsidised to Rs 10 for all farmers (farmers share the rest premium to be paid by the central government and state government in the ratio of 70:30) with landholding less than one hectare with compulsory coverage by all banks and FIs. All insured farmlands by banks should be geotagged and Aadhaar linked. The banks are to be paid an additional 2 per cent of the premium over and above 4 per cent being paid by the insurers.

A separate fund needs to be earmarked