Sarveshwar Food initiates partnerships with NBFCs, to extend financial support to associated farmers

Agri-food player Sarveshwar Food has initiated strategic partnerships with certain Non-Banking Financial Companies (NBFCs) to enhance financial support for farmers.

Under the proposed arrangement, Sarveshwar Food Limited will facilitate the connection between NBFCs and farmers. The financing arrangements will be conducted directly between the NBFCs and the farmers, with no recourse to the company.

Key Aspects of the Initiated Partnerships:

Enhanced Financial Support: The partnerships will offer farmers improved access to funding, including working capital and investments for agricultural infrastructure.

Infrastructure Development: Financial resources will be directed towards enhancing infrastructure, such as irrigation systems and storage facilities, to boost productivity and reduce post-harvest losses.

Technical Assistance: Farmers will benefit from additional guidance on financial management and technical support to optimize their agricultural practices.

Sustainable Growth: The initiative aims to drive sustainable agricultural practices and ensure long-term stability and growth within the sector. 

Earlier, Sarveshwar Foods Limited started a campaign to promote millet cultivation in Jammu & Kashmir, Himachal Pradesh via Sarveshwar Facilitation Centres (SFC).

Millets, which are referred to as "Shree Anna" in India, are a group of small-seeded, drought-resistant cereal crops that are grown for their edible seeds and have been used as a staple food for thousands of years, especially in arid and semi-arid regions of the world.