Walmart Foundation invests nearly US$2M in ‘Farmer Market Readiness Program’ in India
Kolkata, June 27 (IBNS): Over 6000 farmers in Andhra Pradesh will move to an improved business model for better value chains and better incomes through an intensive two-year project supported by the Walmart Foundation in partnership with ICRISAT, an official statement by the company claimed.
At a meeting in New Delhi, senior representatives from Walmart and the International Crops Research Institute for the Semi-Arid Tropic (ICRISAT) launched ICRISAT’s program focussed on two key national priorities: doubling farmers’ incomes and addressing malnutrition in rural areas.
Over the next two years, ICRISAT will work in Andhra Pradesh’s dryland farming areas with 6,100 smallholder famers, 2,000 of whom are women.
The project will set up community-based millet and legume legume processing facilities, provide access to training and more productive plant varieties and educate buyers in the market about the nutritional value of grain legumes to help boost demand.
Walmart Foundation has granted close to US$2 million to the project as part of an ongoing initiative to improve market access for India’s smallholder farmers.
Funds from Walmart Foundation of close to $4 million have now been allocated to projects in Andhra Pradesh within the past six months.
Julie Gehrki, Vice President of Philanthropy, Walmart Foundation said: “Many of the 6 million farmers in Andhra Pradesh have very limited access to formal markets. We believe sustainable development in farming communities can be accelerated through direct skills building and growth of entrepreneurship, which creates new opportunities for farming communities across Andhra Pradesh.”
An international scientific research institution with UN status in India, ICRISAT has been working in 17 countries across semi-arid tropics of Asia and sub-Saharan Africa, for over 45 years.
Dr Peter Carberry, Director General (Acting), ICRISAT, said: “Supporting smallholder farmers to better harness markets is a powerful way to help communities move from poverty to prosperity. ICRISAT’s Inclusive Market Oriented Development has supported millions of farmers across India towards better livelihoods. The support of Walmart Foundation is a great opportunity to further enhance the lives of smallholder farmers in Andhra Pradesh to build a better future.”
Paul Dyck, Walmart Vice President of Global Public Policy and Government Affairs, said: “Walmart has a long-term commitment to India that is based on supporting domestic businesses and empowering local communities. We believe that helping India’s small farmers unlock their potential is one of the most effective ways for us to do this, with a ripple effect that will bring positive benefits for generations to come.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
