Indian government forms working group to explore innovative banking products for agricultural value chain financing.
The Indian government formed a working group to explore innovative banking products for financing the agricultural value chain, aiming to integrate the agriculture sector with global markets and boost farmers' income. This decision followed a workshop hosted by the Department of Agriculture and Farmers' Welfare (DA&FW) titled "Unleashing India's Agribusiness Potential Through Innovative Agri Value Chain Financing." The workshop focused on enhancing agricultural financing, transitioning from a production-centric approach to a demand-driven model, and introducing financial instruments like bill discounting, bridge financing, and risk-hedging to improve liquidity and economic stability.
June 27, 2024
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