Godrej Capital enters dairy sector with loans for small farmers in South
Godrej Capital enters dairy sector with loans for small farmers in South
Godrej Capital, the financial services arm of Godrej Industries Group, announced its entry into the agriculture segment with the launch of dairy farm loans.
Through a strategic partnership with Creamline Dairy Products Limited and Dvara E-Dairy, Godrej Capital will provide financial assistance to small dairy farm owners across Andhra Pradesh, Telangana and other regions. Creamline Dairy Products Limited is a subsidiary of Godrej Agrovet Limited (GAVL), a diversified food and agri-business conglomerate of Godrej Industries Group, and sells products under the brand name Godrej Jersey.
As India’s consumption of dairy products continues to rise steadily, it presents both opportunities and challenges for dairy farmers. Godrej Capital acknowledged the importance of empowering these farmers with flexible financing to improve productivity and drive economic prosperity in the region. For this initiative, Godrej Capital has collaborated with Dvara E-Dairy as its partner to facilitate access to farmers.
With dairy farm loans, Godrej Capital will provide collateral-free lending for the purchase and maintenance of cattle to farmers empanelled with GAVL. This loan offering will ensure dairy farm owners get access to financing, along with other benefits, including a fully digitized process, quick sanction and disbursal, and flexible repayment options of up to two years, according to a press release.
Manish Shah, MD & CEO of Godrej Capital said, “We are delighted to extend our support to farmers of our country. The decision to embark on this venture comes as a response to the pressing need to extend financial assistance to the dairy farming community, promote financial inclusion across the value chain, and support ecosystems.”
“The disbursement of the first loan in Krishnagiri district marks just the beginning, as we actively seek to engage the dairy industry in other regions of Tamil Nadu and extend our support to farmers in Andhra Pradesh, Telangana, Karnataka, and Maharashtra,” he stated.
