Samunnati provided us timely credit, which helped us a lot to meet the working capital requirement at a very crucial festival season. It gave an opportunity for cash purchases, reduced the involvement of local money lenders, which directly increased the farmer members profit margin. We look forward to working with Samunnati and strengthen our newly formed FPOs.
Samunnati has provided us a credit line for procurement of wheat seeds. With their support, we were able to purchase wheat seed from our member farmers who are participants of the wheat seed programme and are further selling it to various FPOs and societies, hence increasing the profit of the Producer Company.
Samunnati offered us timely support and had a real quick processing which in turn enabled us to support our members with sufficient funding for farm gate aggregation initiative, particularly in Soy seed procurement. This led to making upfront payments to the producers at the time of procurement. The real strength of Samunnati lies in their understanding the objectives and needs of the customers.
Samunnati has given us a market linkage to procure short duration Pratibha Seeds for turmeric cultivation, which helped us reduce the crop duration from 9 months to 6 months. This provided an opportunity to our farmers to cultivate other crops during the remaining months of the year. We are also exploring if more of our farmers can go for back to back turmeric cultivation.