India is recognized as an agriculture driven economy. In spite of having registered records in several other aspects, agriculture continues to remai
India is recognized as an agriculture driven economy. In spite of having registered records in several other aspects, agriculture continues to remain our backbone. But the agriculture sector in India is also suffering from several challenges, a major cause of concern being the finances. Agribusiness is the modernized form of agriculture. However the dearth of funds and apathy towards the farmers is making it difficult for modernization to penetrate deeper. As a result of this, there is a lot of potential waiting to be tapped in the agriculture sectors. While schools like SIIB are efficiently addressing the need of well trained professionals to manage agriculture like a proficient business, the actual boost is to come from the grass root level.
In a recent move, the Reserve Bank of India has revised the limits under the private sector lending category. This means it will be easier to facilitate the cash flows in the agribusiness division. The banks will also be more inclined towards providing loans to farmers against hypothetical agriculture produce. This move might prove to be one of the biggest boosters for the agribusiness division in India. As a result of the exponential push that agribusiness has received, the markets are also showing positive signs. Experts are confident of agriculture related activities also carrying the impetus forward and therefore bringing in greater returns to the investors.