Other States

Now, a SMART initiative to provide market for farmers

Over 49 companies including the Tata Group, Amazon, ITC, and Patanjali, signed a Memorandum of Understanding with the government’s ‘State of Maharashtra’s Agribusiness and Rural Transformation (SMART)’ project, assisted by World Bank, to revamp the agricultural value chain and improve the price realisation for the farmer.

Project SMART entails an investment of ₹2,000 crore, of which World Bank contributed ₹1,500 crore while the State government contributed ₹430 crore.

The balance ₹70 crore was raised by Village Social Transformation Foundation (VSTF) through its partners. The VSTF has signed MoUs with 22 corporates and start-ups to focus on increasing farm productivity and higher price realisations for farmers by ensuring direct tie-up with end buyers.

SMART will help support value addition in post-harvest segments of value chains, facilitate enterprise promotion, and business investment for Community-based organizations (CBO). Confederation of Indian Industry (CII) is the industry partner for this important initiative

“With higher farm productivity through Jalyukt Shivar despite lower rainfall, ensuring price realisation is paramount. This initiative will be an ideal conduit between a chain of empowered farmers in the form of producer companies, self-help groups with direct access to the large retailers, and will lead to transformation in agriculture. This will not only ensure that agriculture is profitable, but also sustainable over the next 6 years across 10,000 villages with 3 lakh people being skilled for this emerging agri-business,” said Chief Minister Devendra Fadnavis while launching the project on Wednesday.

Maharashtra state rural livelihood mission, Project on Climate Resilient Agriculture (PoCRA) and Primary Cooperatives Societies will be among the agencies to design and implement the project.

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Printable version | Jan 21, 2021 4:52:20 PM | https://www.thehindu.com/news/national/other-states/now-a-smart-initiative-to-provide-market-for-farmers/article25674703.ece

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