AgFinTech Series:
Role of tech in accelerating
agriculture financing

Register your interest here!

How can agritech use data, to build customized risk-mitigation solutions

Register your interest here!

AgFinTech Series:
Role of tech in accelerating
agriculture financing

Register your interest here!

About the Series

Agriculture today is a segment, where innovation can serve the marginalized in diverse ways. It is a gateway of opportunities for inclusion of various stakeholders within the ecosystem. 

Digital inclusion is transforming the entire value chain of agribusinesses. Advancements are making food production intelligent, efficient, transparent and sustainable. Technology is now a key enabler to move India’s agriculture to a more productive path.

The recognition of technology to boost agriculture in the recent Union Budget is going to pave the way for more concrete, forward-thinking steps for the agri-tech business ecosystem. As agritech comes under focus for delivery of digital and hi-tech services to farmers, through drone technology, digitization of land records, among other such initiatives, the time is ripe for the involvement of public and private sector stakeholders in the value chain.

Through this series, Cropin aims to highlight the challenges faced by various stakeholders in the agriculture value chain, discuss solutions and the convergence of technology. The goal of the series is to infuse expert opinion into solving pain points for the sector, so that it can be inclusive and sustainable in the long run.

Panel Discussion
Understanding the role of tech in accelerating agriculture financing
Sujit Janardanan
CMO, Cropin
Azad Mishra
Senior Vice President, Agri Business,
HDFC Ergo
Hemendra Mathur
Partner, Bharat Innovation Fund & Co-founder, ThinkAg
Balachandran M K
Head, Rural Retail & Microinsurance, SBI General Insurance
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Roundtable
How can agritech use data, to build customized risk-mitigation solutions
Dipu KV
President, Bajaj Allianz General Insurance Co Ltd
Pratibha Sarathy
Head, IT Enabled Member Services, General Insurance Council
Sujit Janardanan
CMO,
Cropin
Hemendra Mathur
Partner, Bharat Innovation Fund & Co-founder, ThinkAg
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Speakers

Sujit Janardanan
CMO, Cropin
Ashish Tiwari
Chief Marketing & Digital Officer,  
Future Generali
Ashish Agarwal
President & Head Agri Business, Bajaj Allianz
Azad Mishra
Vice President, Agri Business,
HDFC Ergo

Videos

About Cropin

Cropin is a global ag-ecosystem intelligence provider. Cropin's suite of products enables various stakeholders in the agri-ecosystem, including financial services providers, to adopt and drive digital strategy across their agricultural operations. Cropin helps organizations digitize their operations from farm to fork and leverage near real-time farm data and actionable insights to make effective decisions.  

With the vision to 'maximize per acre value,' Cropin adds value to agri-businesses by increasing efficiency, scaling productivity, and strengthening sustainability across the board. 

Using cutting-edge technology like artificial intelligence, machine learning, and remote sensing, Cropin creates an intelligent, interconnected data platform. Organizations like banks, insurance companies, government, development agencies, farming companies, agri-input companies, farm equipment companies, food processors, and retailers use Cropin's solutions to derive real-time actionable insights and help build a sustainable agri-ecosystem.

Cropin has partnered with over 250+ organizations globally to digitize over 16 million acres of farmland and enriched the lives of nearly 7 million farmers while building intelligence for over 400 crops and over 10,000 crop varieties in over 56 countries. The solutions offered by Cropin are crop and geo-location agnostic and are available in a plug-and-play model.

Articles

Accelerating progress in the agriculture ecosystem with the Intelligent Agriculture Cloud

With the vision to 'maximize per acre value’ for every stakeholder in the agri-value chain, Cropin partnered with AWS to build the first scalable and secure Intelligent Agriculture Cloud.Cropin was looking for a geography-agnostic cloud service provider who could partner with us as we scaled, and support us with the technical expertise to build a truly global ag-tech solution.

How Cropin honed its focus on large enterprises in the global agriculture industry

When Krishna Kumar, CEO and Co-founder of Cropin Technology Solutions, began to raise capital for its Series C round in 2020, the conditions were hardly ideal.Until then, the agritech venture headquartered in Bengaluru had raised $15.7 million over seven years. CropIn clocked Rs 17 crore in revenue in FY 2020, growing 40 percent over the previous year, according to its filings with the Registrar of Companies.

The introduction of Agriculture 4.0 is bringing about a revolution in what was once considered one of the riskiest sectors for insurance because of its unpredictability and traditional ways of farming. Digital technology and Precision Agriculture are a few modern methodologies being employed to make agriculture more predictable, profitable, and sustainable. The ability to track, monitor, and manage every aspect of farming with agriculture technology now reduces the uncertainty and offers a protective cover to farmers around the world.

Estimates suggest that approximately 2.5 billion people live in 500 million rural households across the globe, and they are primarily engaged in smallholder farming. A vast majority of this population resides in developing countries where access to agricultural finance is limited due to the inherent unpredictability associated with the sector. It isn’t surprising then that even though a large proportion of the population in such economies is dependent on agriculture for their livelihood, financial sector institutions are not as forthcoming when it comes to lending to farmers.

The application of AI in agriculture has unlocked the untapped potential to create seasonal forecasting models that help various stakeholders improve accuracy and increase productivity for farm-based activities. On the one hand, it has laid the foundation for precision farming for crop producers and other agribusinesses, making it possible for them to optimise farm operations in a way that utilises resources effectively and mitigates risks to generate optimal crop yields. On the other hand, it is facilitating efficient credit risk assessment and loan recovery assistance for financial and lending institutions.

The productivity of a climate-sensitive sector like agriculture depends entirely on the predictability of weather conditions throughout the cultivation season, which is highly unlikely due to challenges posed by climate change. In a developing country like India, where the agriculture sector is the primary livelihood for millions of smallholder farmers, their seasonal and sporadic incomes put them in a disadvantaged position when pressured to adapt to changing conditions and increasing food demands.

Thought Leadership

Estimates suggest that approximately 2.5 billion people live in 500 million rural households across the globe, and they are primarily engaged in smallholder farming. A vast majority of this population resides in developing countries where access to agricultural finance is limited due to the inherent unpredictability associated with the sector.

Past Webinar

While technology will surely improve the transactional processes, provide analytical solutions for decision support systems at the desired scale, and reduce the operational expenses, conceptualizing large-scale financing to agriculture as “value chain financing”, Banks and financial institutions can leverage technology

Past Webinar

While technology will surely improve the transactional processes, provide analytical solutions for decision support systems at the desired scale, and reduce the operational expenses, conceptualizing large-scale financing to agriculture as “value chain financing”, Banks and financial institutions can leverage technology

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