InvestorQ : How do you see the benefits of Deepak Fertilizers tie up with Samunnati in agri space?
sara Kunju made post

How do you see the benefits of Deepak Fertilizers tie up with Samunnati in agri space?

Answer
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Mary Joseph answered.
4 weeks ago


Deepak Fertilizers tied up with Samunnati, which is basically an agri-value chain enabler. The tie-up will offer crop advisory, agri-inputs and also customised finance options to the various farmer producer organisations, better known as FPOs, across five states.

The partnership is going to be much wider and it is expected to overall empower 70,000 farmers via 150 FPOs in total. The states selected for this experiment are the agriculturally rich states of Maharashtra, Gujarat, Karnataka, Andhra Pradesh and Telangana.

Under the memorandum of understanding or the MOU signed, all the FPOs selected under this plan can access crop-based advisory and agri-inputs through Deepak Fertilizers and also avail customised finance options through Samunnati, which is a micro lending firm.

The big challenge for Indian farmers is to combine the best of crop inputs, crop insights and easily available small finance to get the best yields out of their fields. That will be facilitated by this alliance between Samunnati and Deep Fertilizers.

Typically, each FPO is structured to have member farmers ranging from 250 to 1000. This enables, cluster-based crop planning. The idea is to finance these farmers, give them the right inputs and advice and also enable them to reach the market and get good price.