Samunnati Signs Co-lending Partnership with IndusInd Bank

Featured in The Times of India

CHENNAI: Agri value chain financier Samunnati has entered into a co-lending agreement with IndusInd Bank to expand credit accessibility and market linkages for farmers producer organisations (FPOs) across the country.

This collaboration will provide Rs. 150 million as an initial amount to be disbursed exclusively to farmer collectives. The primary aim is to ensure the self-sustainability and profitability of farmer collectives and their members, comprising mostly small-holder farmers.

“This strategic alliance will enable easy access to working capital to Samunnati’s growing network of 1,500 farmer collectives with a member base of six million farmers,” the company said in a statement.

“Our collective goal with this alliance is to improve the flow of credit to the underserved agri community at an affordable cost, by leveraging the dual advantage of funds at a lower cost and Samunnati’s extensive FPO network,” AnilKumar SG, Founder and CEO, Samunnati, said.

In November 2020, the Reserve Bank of India (RBI) issued guidelines on co-lending model between scheduled commercial banks and NBFCs. IndusInd Bank is among the first scheduled commercial banks to participate in such a co-lending program aimed at mainstreaming FPOs as an asset class.

You might also like

Samunnati raises ₹42.5 crore from Agri-Biz Capital Delaware

28 May 2025

Samunnati raises ₹42.5 crore from Agri-Biz Capital Delaware

Latest fund-raise takes total pre-series E equity to over ₹381 crore Agri value chain enabler Samunnati has raised ₹42.5 crore...

Samunnati launches new FPO partnership model to bring a transformative shift in India’s agri sector

25 April 2025

Samunnati launches new FPO partnership model to bring a transformative shift in India’s agri sector

New Delhi: In a major strategic shift, Samunnati, India’s largest agri-value chain enabler, has launched a new FPO Partnership Model...

Samunnati raises EUR 10 mn as debt to provide loans to SME agri-businesses & FPOs

12 January 2021

Samunnati raises EUR 10 mn as debt to provide loans to SME agri-businesses & FPOs

Featured in The Economic Times New Delhi: Samunnati on Monday said it has raised EUR 10 million (around Rs 90 crore)...

A sweet and fragrant success story of Rajasthan’s rose farmers

22 August 2023

A sweet and fragrant success story of Rajasthan’s rose farmers

Featured in The hindu businessline This farmer producer company turns Rajasthan’s roses into delicious gulkand bettering the lives of women farmers....