Lucknow: Digital payment solutions provider
BMC and its SME marketplace
SafalFasal is supporting more than 75,000 Covid-19 hit farmers across India by offering solutions that extend formal financing to the agricultural sector from NBFCs as well as engaging and educating them through the pandemic.
The platform's backers inclduing Tanager, Bayer,
Coromondal, Greaves and other players are advising and mentoring farmers who have been rendered vulnerable, helping them connect with buyers and ecosystem partners and create contingency plans.
“In the last three weeks of the pilot we had to act fast with the unexpected challenge of COVID-19,” said Debarshi Dutta, EVP and
Global Head of SafalFasal. “Reinforcing our mission, SafalFasal was able to provide farmers with invaluable guidance to overcome the new challenges facing them including a broken supply chain," he said.
SafalFasal is also educating farmers on how they can continue their activity while not exposing themselves to the virus. The team is also focussed on gathering all requirements for the next sowing season for inputs and preparing the ground for credit support, so that the marketplace is able to weather the impact of the pandemic, a release by the company said.