Rethinking farm loans in India

Chennai-based agrifinance company Samunnati is trying to solve credit flow by focusing on agricultural value chains rather than individual farmers.

Indian agriculture is fragmented; there are too many individuals doing the same thing, growing the same crop, facing similar problems, dying the same death. Farmer welfare policies in the country have been targeted at individual farmers, but the condition on the ground seems to have only worsened.

So, what do you do? Well, to deal with a problem at a massive scale, sometimes one needs to zoom out. Farmers’ indebtedness, which is the root cause of the deepening agrarian crisis in India, is perhaps one such problem. Food production numbers aside, Indian agriculture is at its lowest point today and …

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Pradip K. Saha

Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.

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