Agri value chain financier, Samunnati has issued its first ever ₹50 crore Green Bond, a landmark achievement for climate financing in the Indian 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, Samunnati said in a statement.

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“We have successfully raised ₹50 crore through the issuance of Green Bonds… The funds raised will support adoption of climate-smart agriculture solutions across different agriculture value chains in the country” said Anil Kumar, CEO and Founder of Samunnati.

“Partnering with Northern Arc Capital marks a significant step towards empowering rural communities and building a greener future,” he added.

This Green Bond issuance sets a precedent in the agriculture sector and Samunnati, by leveraging innovative financial instruments, aims to accelerate climate action in Indian agriculture.

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Samunnati is paving the way for the future of the Indian agriculture landscape with its long-term, community-centric approach to sustainability initiatives and programs. By blending awareness with on-ground execution, enabling financial inclusivity, and harnessing the power of technology and data, Samunnati is setting a benchmark for addressing the challenges of climate change.

This forward-looking strategy not only supports the immediate needs of farmers but also lays the foundation for resilient and sustainable agricultural growth, ensuring that Indian agriculture thrives amidst changing climate, it said.