In a groundbreaking move for sustainable agriculture, agri value chain enabler Samunnati, has successfully issued its first-ever Green Bond worth Rs 50 crore. This milestone marks a significant advancement in climate financing within the Indian agriculture sector, with Northern Arc Capital, a prominent digital lending platform, as the primary subscriber for the issuance.
The proceeds from this Green Bond will be dedicated to financing climate-smart agriculture solutions across various agriculture value chains in the country. This initiative aligns seamlessly with the comoany’s mission to empower smallholder farmers and promote sustainable agricultural practices.
“We have successfully raised Rs 50 crore through the issuance of Green Bonds. This is a significant milestone Samunnati’s team has achieved so far towards sustainable finance and environmental responsibility. The funds raised will support the adoption of climate-smart agriculture solutions across different agriculture value chains in the country. Partnering with Northern Arc Capital marks a significant step towards empowering rural communities and building a greener future. Northern Arc’s subscription underscores the confidence they have placed in Samunnati’s vision and reinforces the collective efforts toward creating a positive environmental impact.”
The Green Bond issuance not only represents a landmark achievement for the company, but also sets a transformative precedent in the agriculture sector. By leveraging innovative financial instruments, the agri value-chain enabler is accelerating climate action and driving sustainability in Indian agriculture.
Also read: Samunnati, Northern Farmers FPO Partner to Support Sustainable Farming in North India
Samunnati focuses on community-centric approach
With a long-term, community-centric approach, Samunnati continues to reshape the Indian agriculture landscape. Its sustainability initiatives blend awareness campaigns with practical on-ground execution, fostering financial inclusivity and utilizing the power of technology and data. This strategy is designed to address climate change challenges while ensuring the resilience and sustainable growth of agriculture.
Samunnati’s commitment to empowering rural communities and fostering environmentally responsible practices paves the way for a greener, more sustainable future for Indian agriculture. This Green Bond issuance is a testament to the organization’s innovative vision and dedication to addressing the dual challenges of climate change and agricultural development, ensuring Indian farmers thrive amidst evolving environmental conditions.
