Odisha Livelihoods Mission Inks MoU with The Goat Trust and Samunnati Foundation to Enhance Rural Economy

Featured in Orissadiary

Bhubaneswar: Odisha Livelihoods Mission (OLM), a society under the aegis of Department of Panchayati Raj and Drinking Water, Government of Odisha signed nonfinancial Memorandum-of-Understandings (MoUs) with two Technical Support Agencies (TSAs) of national repute– Samunnati Foundation and The Goat Trust (TGT) here today.

The partnership project is named as ‘Livelihoods Promotion through Partnership (LPP)’ which focuses on delivering technical and capacity-building support to the Self-Help Groups (SHGs), Farmers, Goat Rearing Clusters, Producers’ Groups (PGs), Producers’ Companies (PCs), Farmers Producers Organisations (FPOs), etc. functioning under the realm of OLM and Mission Shakti.

The Goat Trust will render multiscale support to goat rearing clusters. It will focus on improving the present-day goat-based livelihood environment and create a robust goat value-chain in the state.

The Samunnati Foundation will assist OLM and ORMAS in creating financial linkage to FPOs through financing and establishment of value chain ecosystem to ensure sustainability and proliferation of best practices.

The partnerships were formalized in form of an MoU signing through virtual mode under the auspices of Shri Deoranjan Kumar Singh, IAS, Principal Secretary, Panchayati Raj & Drinking Water Department. The ceremony was led by Shri Rajesh Prabhakar Patil, IAS, SMD-Cum-CEO, Odisha Livelihoods Mission. The event also witnessed the presence of officials from OLM, World Bank, ORMAS, The Goat Trust and Samunnati Foundation.

You might also like

COVID-19 – Regulatory Package

2 April 2020

COVID-19 – Regulatory Package

In accordance with the COVID-19 – Regulatory Package notification dated Mar 27, 2020 issued by Reserve Bank of India (“RBI”)...

Samunnati to launch digital transformation platform FPOnext.com for FPOs

25 June 2023

Samunnati to launch digital transformation platform FPOnext.com for FPOs

Featured in The hindu businessline The platform will be unveiled on August 15, says its founder and CEO Anilkumar SG Samunnati,...

Samunnati raises Rs150 crore from responsAbility Investments, others

9 January 2018

Samunnati raises Rs150 crore from responsAbility Investments, others

New Delhi: Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial services company (NBFC) focusing on loans to farmers...

Open agri network Samunnati eyeing over 50 pc growth in revenue at Rs 6,600 cr in FY24

24 June 2023

Open agri network Samunnati eyeing over 50 pc growth in revenue at Rs 6,600 cr in FY24

Featured in The hindu businessline Samunnati has around 5,500 FPOs registered on its platform, 50 per cent of which are borrowers...