Sarveshwar Food Limited, an agri-food company based in Jammu, has announced plans to partner with Non-Banking Financial Companies (NBFCs) to provide financial support to farmers in its supply chain.
Key points of the initiative:
- The partnerships aim to offer farmers improved access to funding for working capital and agricultural infrastructure.
- Financial resources will be directed towards enhancing irrigation systems and storage facilities.
- Farmers will receive guidance on financial management and technical support for agricultural practices.
- The financing arrangements will be directly between NBFCs and farmers, with no recourse to Sarveshwar Food Limited.
- The company will act as a facilitator, connecting NBFCs with farmers.
Rohit Gupta, Chairman and Managing Director of Sarveshwar Food Limited, stated that the initiative aims to empower farmers and strengthen the company’s supply chain.
Sarveshwar Food Limited, listed on both NSE and BSE, operates in the basmati and non-basmati rice market, with additional offerings in organic products under the brand name ‘NIMBARK’.
The company notes that this initiative is part of its strategy to ensure continuous and uninterrupted supplies. The success and impact of these partnerships will become clearer as they develop.
