How Agriculture Loan Support Farmers in Increasing Their Income - NAFA

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• How Agriculture Loan Support Farmers in
  Increasing Their Income - NAFA

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Table of content

• How Agriculture Loan Support Farmers in
  Increasing Their Income

• About Us

Ways to Boost Farmer Income
Conclusion

• Farm Management Software

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About Us - Financing Solutions For Climate
Resilient, Future Ready Profitable Farming.

• Netafim Agricultural Financing Agency Pvt. Ltd.
  (NAFA) was promoted by Netafim Group, Israel to
  finance the stakeholders in micro-irrigation
  value chain. Netafim invented and pioneered the
  adoption of drip irrigation system across the
  world with the mission to promote a global change
  in the way water is used in agriculture.
• One of the major hurdles in adoption, of micro
  irrigation by farmers, was their access to
  finance, hence Netafim decided to provide
  financial solutions to the stakeholders in micro
  irrigation value chain. NAFA, the Non-Banking
  Finance Company (NBFC) of Netafim Group, received
  the RBI license and commenced operations in
  March2013.

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• How Agriculture Loan Support Farmers in
  Increasing Their Income

• In the last blog, we wrote about the ways in
  which farmers can improve their agricultural
  practices. Now, we will look at ways in which
  farmers can use agricultural loans to boost their
  income.
• As per public domain statistics, close to 60 of
  the Indian population depends on agriculture for
  their income, however, the sector contributes
  only less than 18 to Indias GDP. Why is this
  so?
• The answer to this is not straightforward. There
  are a variety of factors that make farming less
  remunerative and non-productive for many people.
  More than 85 of farmers in India are small
  farmers having less than 2 hectares of land to
  work on and only contribute 51 to the overall
  agricultural production. 70 of these small
  farmers choose to grow high-value crops. They do
  not want to take any chances for obvious
  reasons. A survey conducted by NABARD has
  indicated that farmers earn just 8,931 per month.
  It is barely enough to meet household expenses
  and continue farming.

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• Ways to Boost Farmer Income

• Integrated farming system model
• In an integrated farming system model, farmers
  can integrate agriculture with poultry,
  livestock, fishing in the same place to generate
  additional income that can help them sustain
  themselves throughout the year. Excreta of the
  livestock can be used as manure to enrich the
  soil, while residual water would be useful for
  irrigation. Such kind of farming ensures optimal
  utilization of resources while saving on
  irrigation and other costs. Excess crop yield
  could also be used for animal food and save on
  additional expenses.
• Hybrid seeds
• The Indian seed market is expected to grow at a
  CAGR rate of 6.8 between 2020-2025. Right now,
  hybrid seeds are just being used for cotton,
  sunflower, selected cereals and corn. Lack of
  literacy and awareness is the reason many farmers
  dont opt for hybrid seeds. With hybrid seeds,
  farmers do not have to worry about crop-related
  diseases or damages caused due to insects, etc.
  as such seeds are resistant to them.

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• Ways to Boost Farmer Income

• Switch to cash crops
• Cash crops are an excellent way to generate
  additional income for farmers. Along with growing
  crops for the next season, an extra row could be
  added (for cash crops) to supplement the farmers
  income. The cash crops depend on the season.
• Winter Crops Wheat, Barley, Mustard, And
• Summer Crops Pumpkin, Watermelon, Bitter Gourd,
  Peas, Cucumber
• Monsoon Crops Rice, Jowar, Bajra, Legumes,
  Soybean, Bajra
• Irrigation
• India has approximately 140 million hectares of
  agricultural land out of which 48.8 is
  irrigated, but 51.2 of land still depends on
  rainfall. As freshwater usage in agriculture
  accounts for more than 80 of the overall usage
  of water in India, judicious use of water in
  agriculture is very much required. The use of
  Drip-irrigation in agriculture is the need of an
  hour. Drip irrigation not only saves water but
  also supports increasing the crop production
  quality of crops. Various support being provided
  by the Government of India in terms of subsidy
  disbursals for increasing the adoption of
  micro-irrigation.

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• Ways to Boost Farmer Income

• Renewable energy
• Farmers in India rely on pumps for irrigating
  their lands. Very few farmers use solar or
  turbine energy to operate such pumps used in
  agricultural fields. Most of them use diesel or
  other fossil fuels to run them. Agriculture
  consumes approximately 23 of the installed
  power in India. Due to the lack of awareness,
  modernization and hesitancy to bear the initial
  cost, it deters farmers from taking advantage of
  solar energy, turbine energy and other forms of
  renewable energy.
• With the sole aim of providing financial
  assistance and water security to farmers, the
  Indian government has launched many schemes to
  promote solar energy. Through such schemes, the
  government expects to add to the tune of 27,250
  MW of combined solar capacities by the end of
  2022.
• NAFA is committed towards helping Indian farmers.
  NAFA is unique solution for agri investment
  loans, channel financing and dealer financing.

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• Farm Management Software

• Agriculture is not an easy profession in India
  because of the unpredictability associated with
  it. Droughts, excessive rainfall, storms,
  demand-supply mismatch, price variations, supply
  chain constraints, etc. make the agri-business
  challenging for farmers. However, with a
  calculated approach, the detrimental effects of
  the above factors can be minimized to a certain
  extent.
• A farm management solution allows the farmers to
  adopt a methodical approach towards food
  production. It is more sustainable, scalable, and
  helps farmers in increasing productivity. Farm
  management software enables efficient
  decision-making by providing timely information
  to them how much to invest and where to invest
  your resources. Moreover, it guides the farmers
  on how to plan their activities, track real-time
  progress and make the right decisions in tricky
  situations. Risk management is a skill that
  farmers should have, and farm management software
  can make them aware of such risks and then
  suggest timely solutions to counter them.
• Less use of pesticides, chemicals will promote
  sustainable farming, resulting in savings and a
  cleaner environment. Do not think of investment
  in farm management solutions are unnecessary. If
  farmers are thinking of postponing it, they
  should consider the benefit of rich dividends in
  the long run because of the farm management
  solution.

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• Conclusion

• Agricultural loans play a prominent role in
  giving farmers the push towards adopting better
  agricultural technology solutions to practice
  farming effectively efficiently making it
  profitable. Every agricultural loan is for a
  specific purpose and choosing them wisely is the
  key.
• Loans can help farmers run their agricultural
  business smoothly during tough times, boost crop
  productivity and expand their business
  operations. Therefore, choose the right kind of
  loan, that fulfills their business needs are
  paramount.

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What We Promote?
Sustainable Agriculture Practices by promoting
climate resilient technologies by focusing on
using water efficiently to reduce negative impact
on environment.
Access to Financial Service To small holder
farmers and Small Medium rural agri enterprises
Improving Farmers Income Level By helping him to
adopt cash-crops, increasing crop-productivity
and helping him to grow more with less
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Thank you
Netafim Agricultural Financing Agency Pvt. Ltd.
(NAFA) Registered Office 1602 1603, The
Affaires, 16th Floor, Plot no. 9, Sector 17, Palm
Beach Road, Sanpada, Navi Mumbai 400 705,
Maharashtra.
Phone Number 91-22-6170 7600 Toll-Free  1800
2677762 Whatsapp  [phone] Email
info_at_nafa.co.in customercare_at_nafa.co.in
Web https//nafa.co.in