These events are recognized as initial efforts aimed at bridging knowledge sharing and introducing appropriate financial instruments for agricultural financial services.
A series of value chain financing conclaves are scheduled to begin in Assam from October 12 to November 2 with the ambitious goal of transforming the agricultural sector.
Known as the Agri Value Chain Financing Conclave, this innovative initiative aims to bridge the knowledge gap and introduce effective financing tools to ensure seamless financial services in agriculture.
As part of the state-run Assam Agri-Business and Rural Transformation Project organized by the Assam Rural Infrastructure and Agricultural Services Society (ARIAS), the conclave will be held in four key zones: Silchar, Jorhat, Morigaon and Lakhimpur. The target audience includes farmers, Farmers Interest Groups (FIGs), Farmer Producer Companies (FPCs), Self Help Groups (SHGs) and traders from 12 different districts of Assam.
The main objectives of these conferences are to promote value chain financing models that benefit various stakeholders within the agricultural ecosystem.
The event will also serve as a platform for collaboration and knowledge exchange among participants from various fields. Innovative financial products, digital financial literacy, financial inclusion, farmer credit cards, and funding for agricultural infrastructure projects will be showcased to increase access to agricultural finance for all involved in the value chain.
This conference is not limited to district officials only. They will also include representatives from institutions like the National Bank for Agriculture and Rural Development (NABARD) and other financial institutions. Currently, despite the high demand for credit and financial services, there is a significant knowledge gap and lack of appropriate financial instruments, which hinders wider provision of these services. Financial institutions often deal with managing the risks and costs associated with agricultural financing, resulting in considerable variation in meeting the financing needs of the agricultural sector.
The Agri Value Chain Financing Conclave seeks to address these challenges and usher in a new era of financial empowerment for the agricultural community in Assam.
First Published: 10 Oct 2023, 17:03 IST
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