To address the COVID-19 crisis, Lawrencedale Agro Processing India (LEAF) announced on Wednesday that it is taking in Rs 500 crore in organized cost-effective credit to marginalized small land-hold and tribal farmers.
Chintu Das Updated 13 May, 2021 1:49 PM IST
To address the COVID-19 crisis, Lawrencedale Agro Processing India (LEAF) announced on Wednesday that it is taking in Rs 500 crore in organized cost-effective credit to marginalized small land-hold and tribal farmers.
LEAF, an integrated agri-services provider, announced that it is partnering with new-age financial technology non-banking financial firms (NBFC) to help marginalized farmers access much-needed organized credit. Farmers in the Western and Eastern Ghats of South India who are marginalized do not have convenient access to organized assistance.In a release, LEAF Founder and Chief Executive Officer Palat Vijayaraghavan said marginalized farmers are struggling to harvest standing crops due to a labor shortage. Compounding this is the limited operation of wholesale markets, which has farmers fearful of the worst.
