Samunnati Raised INR 50 Crore Through the Issuance of Green Bond

09 December 2024, New Delhi: Samunnati achieves a milestone with the successful issuance of its first-ever INR 50 crore Green Bond, a landmark achievement for climate financing in the Indian Agriculture sector. Northern Arc Capital, a leading digital lending platform, has been the primary subscriber for this issuance.

The proceeds from this Green Bond will be used for financing climate smart agriculture solutions across different agriculture value chains in the country, this pioneering effort aligns perfectly Samunnati’s mission to empower smallholder farmers and promote sustainable development.

“We have successfully raised INR 50 crore through the issuance of Green Bonds. This is a significant milestone Samunnati’s team has achieved so far towards sustainable finance and environmental responsibility. The funds raised will support adoption of climate-smart agriculture solutions across different agriculture value chains in the country. Partnering with Northern Arc Capital marks a significant step towards empowering rural communities and building a greener future. Northern Arc’s subscription underscores the confidence they have placed in Samunnati’s vision and reinforces the collective efforts toward creating a positive environmental impact.” says Mr. Anil Kumar, CEO and Founder of Samunnati.

This Green Bond issuance not only marks a significant milestone for Samunnati but also sets a precedent in the agriculture sector. By leveraging innovative financial instruments, Samunnati aims to accelerate climate action in Indian agriculture.

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