How financial institutions can plan for climate change

Featured in The hindu businessline

V Nivedita talks to AnilKumar SG, founder and CEO, Samunnati Financial Intermediation & Services Private Limited, about the impact of climate change on farmers in India and the efforts made by the companies to mitigate these challenges.

In this business line podcast, V Nivedita talks to Anilkumar SG, founder and CEO, Samunnati Financial Intermediation & Services Private Limited, about the impact of climate change on farmers in India and the efforts made by companies to mitigate these challenges.

The podcast begins by addressing the effects of climate change on Indian farmers. Anilkumar talks about how climate change is not a distant future threat; it is happening now. Farmers are already experiencing untimely floods, erratic monsoons, and the emergence of new pests and diseases. He also highlights the specific impacts on sewing patterns, citing examples like unpredictable monsoons and temperature fluctuations affecting crops like mustard. The conversation goes into detail about the awareness of Indian farmers and how the government is trying to tackle these challenges head on. The importance of providing a safety net for farmers transitioning to climate-smart agriculture, ensuring financial protection against potential losses during the adaptation phase is also discussed. In the latter part of the podcast, Anilkumar addresses the broader impact of climate change on related ecosystems, focusing on carbon levels in the soil and air. He emphasizes the need to find a balance that addresses both carbon emissions and soil health. The episode concludes by providing a comprehensive overview

of the challenges posed by climate change to Indian farmers and explores potential solutions at both individual and policy levels.

Leave a comment

You might also like

Samunnati raises $55 million from US-based Nuveen

28 March 2019

Samunnati raises $55 million from US-based Nuveen

Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial company (NBFC) specializing in loans to farmers and entities engaged...

Telangana ‘convincing’ farmers to shift from paddy to overcome surplus output

25 June 2023

Telangana ‘convincing’ farmers to shift from paddy to overcome surplus output

Featured in The hindu businessline State looking for a solution as it has to procure the surplus grain as the Centre is not procuring parboiled rice,...

Equitane Invests $5 Mn in Samunnati

9 May 2024

Equitane Invests $5 Mn in Samunnati

Featured in DTNext Samunnati, renowned for its expansive agri-network, is poised to unlock the trillion-dollar potential of Indian agriculture, with a...

Samunnati, University of Hyderabad to rope in FPOs

26 August 2021

Samunnati, University of Hyderabad to rope in FPOs

Featured in Hindu Businessline Virudhunagar pilot to pave way for nation-wide rollout Farmers in Tamil Nadu, and their peers in other...