The India Blended Finance Collaborative, supported by USAID, hosted an invite-only in person event, "Transforming Agriculture through Blended Finance: Building Resilient Ecosystems" in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
Representatives from over 50 organizations, including asset managers, commercial banks and NBFCs, philanthropic capital providers, foundations,incubators, think tanks, DFIs and other ecosystem players, attended the event. The workshop aimed to unravel and explore the opportunity for blended finance in agriculture and how climate resilience ecosystems could be built through synergic partnerships of ecosystem players.
The event was headlined by a keynote from Shri Harsh Kumar Bhanwala, Ex-Chairman, NABARD, Executive Chairman, Capital India Finance Ltd, Senior Advisor, Omnivore Capital Management Advisors.
The event also saw active participation from esteemed members of Impact Investors Council (IIC) including ANDE, Ankur Capital, Asha Impact Trust, Bridgespan Group, Caspian, Dalberg Global Development Advisors, Desai & Associates, Grameen Capital, IPE Global, Sangam Ventures, Trilegal, USAID and Villgro Innovations Foundation.
India Blended Finance Collaborative (IBFC) is a voluntary holistic, multiyear platform to accelerate and mainstream the use of blended finance in India through access to curated knowledge, resources and relevant networks. It is an initiative of Impact Investors Council supported by USAID. Click here to know more.
Top - From Left to Right: Event Chief Guest: Mr. Harsh Kumar Bhanwala, Ex-Chairman, NABARD, Executive Chairman, Capital India Finance Ltd, Senior Advisor, Omnivore Capital Management Advisors; Rajat Shubhro Mukherjee, Advisor, Climate Finance, GIZ, and Sanjoy Ghosh, GM, FSDD, NABARD, HO & Former - COO, NABARD Consultancy Services; Sohini Sen, Head - Priority Sector Lending, Axis Bank; Avishek Gupta, MD & CEO, Caspian Debt. Bottom - Centre: Dheeraj Mutreja, Consultant, Rabo Foundation
The event also marked the launch of the groundbreaking paper titled "Financing Climate Resilient Agriculture: Financing the Minor Millets Value Chain." in the presence of Sanjoy Ghosh, GM, FSDD, NABARD, HO & Former - COO, NABARD Consultancy Services. This paper highlights the remarkable case study of the Minor Millets Plant located in Mandla, Madhya Pradesh. It delves into various aspects, including the economics, capital structure, and the utilization of funds, while also shedding light on the pivotal role played by the stakeholders involved. You can download the report here.
In line with the Government of India's strategic efforts to promote the consumption of millets, GIZ collaborated with esteemed partners NABARD and Reliance Foundation to facilitate the establishment and successful financial closure of a millets processing unit in Mandla, Madhya Pradesh. This endeavor aims to bring forth numerous benefits, such as enhancing local consumption, creating new trading opportunities with diverse geographical regions, and ultimately stimulating the growth of the local economy.
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