Govt. of Maharashtra and World Bank Launches SMART AgTech Integration Facility 2022
The SMART Agtech Integration Facility 2022 is supported by a grant from the Korea World Bank Partnership Facility (KWPF), a collaboration between Korea’s Ministry of Economy and Finance (MoEF) and the World Bank.
The Government of Maharashtra and World Bank, in a joint endeavor, have launched the ‘SMART Agtech Integration Facility 2022’ to transform rural Maharashtra through Disruptive Agricultural Technologies (DATs). This facility is presently seeking applications from DAT solution providers, with a presence in India, to bring in digital and technical innovations in the agriculture sector.
The facility will enable selecting DAT solution providers to work directly with the Community Based Organizations (CBOs) in Maharashtra to implement transformative solutions.
The facility is a part of US$ 300 million Hon. Balasaheb Thackeray Agribusiness and Rural Transformation (SMART) project, aims to enable collectives of smallholder farmers to participate in competitive agriculture value chains, facilitate agri-business investments, increase market access and productivity, and build the resilience of crops to recurrent floods or droughts in the state.
A key sub-component of the project is to facilitate the adoption of DATs among CBOs in the state. The SMART Agtech Integration Facility 2022 will identify relevant DAT solution providers and facilitate interactions between the technology providers and CBOs to enable customization and adoption of appropriate solutions.
Speaking about the launch, the Agriculture Commissioner, Mr. Dheeraj Kumar, Govt of Maharashtra said, “We are excited to launch this facility and to have DAT solution providers from across India to work with the Government of Maharashtra (SMART) to build a resilient and robust agriculture technology ecosystem in the state. This is a unique collaborative concept which will connect DAT solution providers with Community-Based organizations (CBOs) and provide them with the most relevant solutions to address their critical technological needs”.
The SMART Agtech Integration Facility 2022 is supported by a grant from the Korea World Bank Partnership Facility (KWPF), a collaboration between Korea’s Ministry of Economy and Finance (MoEF) and the World Bank. The grant marks the first KWPF initiative in India. Intellecap, a pioneer in enabling ecosystems and channeling capital to nurture a sustainable and equitable society, is supporting the execution of the grant.
Smallholder farmers in Maharashtra face myriad challenges across the value chain. Though CBOs such as Farmer Producer Companies (FPCs) and Primary Agricultural Credit Societies (PACS) play a significant role in helping farmers get access to finance, inputs, farm technologies, and the agricultural market, technological limitations affect their ability to achieve their potential to increase productivity, efficiency, and competitiveness of farming operations.
The SMART AgTech Integration Facility is seeking support from DAT solution providers specifically for implementing digitization solutions for farmer collectives, building value chain actor aggregation platforms, enabling precision agriculture and automation services, working with urban food systems and logistics solutions, developing market linkage and traceability solutions, and facilitating access to financial services.View full article