Samunnati, a pivotal player in India’s agricultural value chain, has successfully raised Rs 133 crore (approximately USD 16 million) in credit financing from Blue Earth Capital, a Swiss impact investment firm.
This marks Blue Earth Capital’s inaugural debt investment and represents a significant boost for Samunnati’s endeavors to enhance climate adaptation and sustainability initiatives among small-scale farmers nationwide.
The funding infusion from Blue Earth Capital underscores the company’s commitment to stregthen the resilience of smallholder farmers through strategic projects. These initiatives primarily focus on climate adaptation, resilience building, and mitigation practices crucial for mitigating the adverse impacts of climate change on agricultural productivity.
Anil Kumar SG, founder and chief executive of Samunnati, expressed gratitude for the support, emphasizing its pivotal role in advancing their mission. He highlighted, “This boost will strengthen our efforts to improve the lives of smallholders through climate and sustainability projects.”
Presently, Samunnati allocates 22% of its active lending portfolio to climate-smart financing models, reflecting its proactive stance in promoting sustainable agricultural practices in India.
Amy Wang, head of private credit at Blue Earth Capital, echoed enthusiasm about supporting Samunnati as a pioneer in agriculture value chain financing in India. She emphasized the firm’s commitment to fostering impactful investments that contribute to sustainable agricultural development and climate resilience.
This funding milestone positions Samunnati to expand its influence in advancing climate adaptation strategies and sustainable farming practices among small farmers across India, setting a precedent for future initiatives in the agricultural finance sector.