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Samunnati pioneers Rs 50 crore Green Bond in agriculture sector
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Thursday, 12 December, 2024, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Samunnati, a leading agri value chain enabler, achieves a landmark milestone with the successful issuance of its first-ever Rs 50 crore Green Bond, a landmark achievement for climate financing in the agriculture sector. Northern Arc Capital, a leading digital lending platform, has been the primary subscriber for this issuance.
The proceeds from this Green Bond will be used for financing climate smart agriculture solutions across different agriculture value chains in the country, this pioneering effort aligns perfectly its mission to empower smallholder farmers and promote sustainable development.
Anil Kumar, CEO and founder at Samunnati, said, "We have successfully raised Rs 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."
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