Facilitation of Access to Financial Services

The objective of this sub-component is to ensure that adoptee farmers have the financial capital to make the farm-level investments necessary to participate in the project and the financial capacity to do this in a responsible manner.

The project is supporting :

• The development of appropriate loan and insurance products and their responsible provision to farmers, in partnership with the National Bank for Agriculture and Rural Development (NABARD) and financial services providers;
• The development of Key Facts Statements for the new products that provide key information regarding the products in simple accessible language that will be available to farmers prior to their buying these products;
• Financial education and counselling to producers to ensure that they have financial resources necessary to make project investments through savings and prudent borrowing; use insurance to protect their key assets; and, are better prepared to prudently save and invest income generated from the investments.