Community Based Farming
Challenges faced by the Agriculture Industry
- About 60% of rural population resides in rural areas but agriculture constitutes only 17.8% of India’s GDP.
- The farming practices are too haphazard and non-scientific and hence need some forethought before implementing new technology.
- Increase in trade deficit due to lower productivity and consequent import of food commodities.
- Lack of framer’s inclination to take risk.
- Financial institution’s inability to provide hassle free and timely delivery of credit to farmers.
- 50% of the farming community avail credit facilities from private money lenders on high interest rate which result into rural indebtedness.
- Fragmented land holding in India makes it difficult for farmers to make heavy investment on machinery, labor and fertilizers.
- Dependence on monsoon for water.
HarVa Solution: Farm To Firm (F & F Model)