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Samunnati Issues INR 50 Crore Green Bond to Propel Climate-Smart Agriculture in India

• ByStartupStory     |    December 11, 2024

Samunnati, a leading agri-value chain enabler, has achieved a significant milestone in sustainable finance by successfully issuing its first-ever Green Bond worth INR 50 crore. This landmark issuance is a pivotal step in advancing climate-smart agriculture solutions in the Indian agriculture sector. The Green Bond was fully subscribed by Northern Arc Capital, a prominent digital lending platform.

The proceeds from this Green Bond will be allocated to financing sustainable agricultural practices across diverse value chains in India, in line with Samunnati’s mission to empower smallholder farmers and promote environmentally sustainable growth.

Speaking about this milestone, Mr. Anil Kumar, CEO and Founder of Samunnati, said:
“We have successfully raised INR 50 crore through the issuance of Green Bonds. This is a significant milestone Samunnati’s team has achieved so far towards sustainable finance and environmental responsibility. The funds raised will support adoption of climate-smart agriculture solutions across different agriculture value chains in the country. Partnering with Northern Arc Capital marks a significant step towards empowering rural communities and building a greener future. Northern Arc’s subscription underscores the confidence they have placed in Samunnati’s vision and reinforces the collective efforts toward creating a positive environmental impact.”

The Green Bond issuance highlights Samunnati’s commitment to leveraging innovative financial instruments to foster sustainable development in agriculture. By adopting a community-centric approach, Samunnati is paving the way for long-term sustainability in Indian agriculture.

Through its initiatives, Samunnati aims to address the challenges posed by climate change by blending awareness with on-ground execution. The organization’s efforts focus on financial inclusivity and harnessing technology to enable resilient agricultural practices. This forward-thinking strategy ensures not only the immediate needs of farmers but also a sustainable and thriving agricultural ecosystem for the future.

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