- Walmart Foundation announces two new grants for small farmers in India
- Out of the committed amount of $ 25 million, investment of over $ 15 million so far
- More than 140,000 farmers including about 80,000 women will benefit
Given the importance of small farmers in recovering from the Kovid-19 epidemic, the Walmart Foundation announced two new grants for them today. The grant is in September 2018 as part of a commitment to invest $ 25 million (about Rs 180 crore) over five years to improve the livelihood of farmers in India. The new fund of $ 4.5 million (Rs 33.16 crore) will be provided to the farmers through non-profit entities, Tanager and Pradan (PRADAN).
This will help farmers earn more from better production and proper market access. It will focus on increasing opportunities for women farmers through farmer producer organizations. Of these two new grants, the Walmart Foundation has so far invested a total of $ 15 million with eight non-governmental organizations (NGOs) in India, creating programs designed to benefit 140,000 farmers, including about 80,000 women farmers. Getting help
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Emphasis on women farmers
Walmart Foundation President Kathleen McLaughlin said, ‘The global COVID-19 epidemic has increased the pressure on India’s farmers. Women farmers, in particular, are facing additional responsibilities, while their incomes are reduced. The main goal of the Walmart Foundation and our grantee partner is to empower farmers and improve their future. ‘
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Kalyan Krishnamurthy, CEO, Flipkart Group, said, ‘The vast potential of new technology solutions to enable farmers in India to improve productivity and yields, gain access to valuable market information and succeed as part of a more efficient and transparent supply chain is. FPOs have an important role in the Foundation’s strategy to empower farmers and bring them into the digital age.