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Agri &  Rural Banking

Samunnati in pact with SatSure for farm monitoring of loanee farmers

Samunnati, a specialized agri value chain enabler, has entered an MoU with SatSure — an innovative decision analytics company leveraging advances in satellite remote sensing, machine learning, and big data analytics — for three years of partnership wherein SatSure will enable farm-level monitoring of crop performance for loanee farmers of Samunnati, and Samunnati will provide financing solutions to SatSure for their working capital and expansion requirements.

SatSure and Samunnati will collaborate on farm-scoring as a pre-cursor to smart cultivation loans including assisting SatSure to validate the scoring model, farm-level monitoring of crop performance, regional satellite data analysis through APIs, designing weather insurance solutions, and exploring opportunities to collaborate with other fintech players to increase finance and insurance penetration.

Samunnati will provide financing solutions to SatSure for working capital and expansion requirements, including facilitating finance from financial institutions for future requirements. Samunnati will explore introducing SatSure on various technology platforms built by Samunnati including FPO Gateway, Samunnati Academy, and Farmer Application.

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