Sep. 1, 2022
Rabo Foundation in collaboration with a leading European Foundation will be launching India's first financing program for gender focused regenerative agriculture and circular use in agriculture. This program has been set up after extensive discussions with Indian Agriculture stakeholders. The 5 year financing program aims to address the issues of soil, weather and climate challenges.
The innovative financing program is being fronted by four Indian financing institutions (FIs) who will offer a bouquet of short term working capital and long term investment credit. These FIs have been carefully selected keeping in view their ambition on climate and agriculture financing. This innovative program is being facilitated by a revolving guarantee to the Indian FIs and the total financing over the program period is expected to be over USD 60 million dollars.
The two foundations will also set up an elaborate Technical Assistance program with the partner FIs and the potential borrowers for Monitoring & Evaluation. A linkage will be made to all the agriculture players engaged in climate related activities in India.
This program aims to sharpen the green financing of financing institutions and enable them to deepen and widen their climate portfolio.
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