Provide tools for helping agricultural sector.

Agriculture, along with its allied sector is a major source of livelihood globally. So such problems can be considered at a global stage. Two billion people in the world currently suffer from malnutrition and according to some estimates, we need 60% more food to feed the global population by 2050.There are increasing pressures from climate change, soil erosion and biodiversity loss and from consumers' changing tastes in food and concerns about how it is produced. And the natural world that farming works with – plants, pests and diseases – continue to pose their own challenges.

The agricultural sector is the backbone of many economies around the world, providing the majority of the food and other resources needed to sustain life. However, this sector is often subject to financial shocks, such as natural disasters, market volatility, and changes in government policies. These shocks can have a devastating impact on the livelihoods of farmers and other agricultural workers, as well as on the broader economy. To ensure the long-term sustainability of the agricultural sector, it is essential to provide farmers and other agricultural workers with the tools they need to withstand financial shocks and build wealth.

One of the most important tools for agricultural workers is access to financial services. This includes access to credit, savings accounts, insurance, and other financial products. Access to credit allows farmers to purchase inputs, such as seeds and fertilizers, and to invest in new technologies and equipment. Savings accounts enable farmers to save for future needs, such as medical expenses or unexpected losses due to natural disasters. Insurance can help protect farmers from financial losses due to natural disasters or market volatility.

In addition to providing access to financial services, governments can also help agricultural workers build wealth by providing training and education. This can include training in financial literacy, business management, and agricultural techniques. This training can help farmers better understand the financial risks associated with their work and how to manage them. It can also help them to make better decisions about investments and to develop strategies for managing their finances.

Governments can also provide support to agricultural workers by providing subsidies and other forms of assistance. Subsidies can help farmers purchase inputs, at reduced prices. Other forms of assistance can include grants for research and development, tax incentives, and access to markets. These forms of assistance can help farmers to increase their productivity and profitability, which can in turn help them to build wealth.

Finally, governments can help agricultural workers build wealth by providing access to markets. This can include providing access to local, regional, and international markets, as well as providing support for marketing and promotion. This can help farmers to increase their sales and profits, which can in turn help them to build wealth.

Some financial institutions which are working in conjunction with the government of India to boost agricultural sector are: -

• MSME (Micro, Small, and Medium Enterprises) are key to tackling food security, meeting growing consumer demand, providing employment opportunities and reducing poverty through inclusive and sustainable development. Few schemes introduced by the MSME are SFAC, IDEA etc.
• NABARD (National Bank for Agriculture and Rural development) is the exclusive and most wonderous bank that provides financial help to the farmers through Kisan Credit card scheme, Loans by State Bank of India etc.

To conclude, agriculture is an important dynamic economic sector vital to human society. With an expanding global population and rising consumer demand for food and other goods, agriculture’s importance has increased. So, it is important to empower this sector.

~Rohan Nathani

My solution impacts the lives of the small farmers living in the nearby villages of Chhattisgarh, approximately 1000-1500 people. We help them in getting a better access to market, training them in finance and marketing, and helping them apply for loans and credit cards from banks.

My team is at a very initial stage, only catering the rural people in the nearby villages in Chattisgarh.

My solution impacts the lives of the small farmers living in the nearby villages of Chhattisgarh, approximately 1000-1500 people. We help them in getting a better access to market, training them in finance and marketing, and helping them apply for loans and credit cards from banks.

Our team applied to Solve, to spread awareness among the people regarding the problem faced by the agricultural sector, which has been ignored since a few decades.