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Achi news desk-
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 support to small dairy farm owners across Karnataka and other regions. Creamline Dairy Products Limited is a subsidiary of Godrej Agrovet Limited (GAVL), a diversified food and agribusiness conglomerate of Godrej Industries Group, and sells products under the brand name Godrej Jersey.
As India’s consumption of dairy products continues to increase steadily, it presents opportunities and challenges for dairy farmers. Godrej Capital recognizes 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 loans for the purchase and maintenance of cattle to farmers with GAVL. This loan will ensure that dairy farm owners get access to finance, along with other benefits, including a fully digitized process, quick sanction and disbursement, and flexible repayment options of up to two years.
Manish Shah, Managing Director and CEO of Godrej CapitalHe said “We are very proud to extend our support to the farmers of our country. The decision to start this initiative comes as a response to the urgent need to extend financial support to the dairy farming community, promote financial inclusion across the value chain, and support ecosystems. Disbursement of the first loan in Krishnagiri district is 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. With this, our aim is to contribute to the growth and development of the dairy farming sector.”
Despite its limitations, the dairy sector remains a key contributor to India’s agricultural economy, supporting the livelihood of 80 million farmers. Accounting for 70% of the total cost of milk, feeding is the single most important aspect of healthy milk and is the biggest factor influencing a cow’s milk production and therefore the farmer’s progress. Equal focus is needed to provide our farmers with resources to maintain the health of their cows for continued milk production.
Bhupendra Suri, CEO, Godrej Jerseyhe said, “Better cattle health ensures better welfare for cattle and also enables farmers to get a better crop, increasing their profitability. Therefore, with access to quality feed being key for the dairy farmers, this partnership between Godrej Capital and Dvara E-Dairy, would enable them to have easy access to finance for their feed as well as other farming needs. By using this platform, our farmers can increase the cattle population and strive for higher productivity and better prosperity.”
Ravi KA, founder, MD and CEO of Dvara E-Dairy said, “We are delighted and privileged to partner with Godrej Industries Group companies. The synergy brings significant value to the stakeholders, enabling thousands of dairy farmers to access affordable financing from Godrej Capital and an innovative platform for cattle loans. The arrangement will bring doorstep access to financial services, empowering dairy farmers to increase milk yields, meet their working capital requirements, and make informed financial decisions.”
Godrej Capital has been focusing on developing ecosystems and providing financial access to the underserved market.
Along with this, Godrej Capital is further looking to capture a significant market share in the southern states for MSME lending. Building on its momentum from the previous year, the company plans to expand its operations by setting up new branches in Karnataka, Andhra Pradesh, and Telangana. These strategic expansions demonstrate Godrej Capital’s dedication to serving the needs of the local community and fostering economic growth in the region.
