SBI Foundation in collaboration with Villgro, has initiated the innovators for Bharat programme, which aims to provide both financial and technical assistant to 14 agritech startups
The Innovators for Bharat Programme represents a partnership between the SBI Foundation and Villgro, to empower 14 agritech startups with an initial investment of rupees 3.25 crores, complemented by an additional rupees 6 crores from NABKISAN, a non banking financial company partner.
The initiative targets early- and growth-stage startups. It encourages the development of technology solutions to significant agricultural issues, particularly those intensified by climate change. By promoting innovation the programme aspires to enhance the farming sector by increasing the income of small holder farmers and fostering sustainability.
The participating startups including Bharat Rohan, RAAV Techlabs, Maruti Drones and Krimanshi, are dedicated to minimising post-harvest losses utilising agricultural waste and reducing CO2 emissions through advanced agritech innovations.
Over the next two years the programme aims to benefit 10000 individuals, implement sustainable farming practices across 60000 acres and prevent the emission of 15000 tonnes of CO2. Startups such as Grey Matter and Carbon Masters are playing a vital role in combating climate change by employing state-of-the-art technologies in agriculture.
The SBI foundation will not only provide financial support for the initiative but will also connect the startups with a network of banking and financial institution for mentorship. Villgrow will facilitate partnerships for field trials. The company has an impressive history of success, having previously supported 323 social enterprises that collectively secured rupees 438.8 crores in investments and created nearly 5000 jobs, positively impacting over 20 million lives.