Since the introduction of the negotiable warehouse receipt as a financing instrument for farmers in India in 2010, the amount of credit dispensed every year with warehouse receipts as collateral has increased steadily. The current volume of annual warehouse receipt finance is estimated at INR 35,000 crore (USD 5.4 billion), and projected to grow to INR 1 lakh crore (USD 15 billion) by 2020.
From the point of view of the farmers, processors and traders, the availability of reasonably priced credit from the organised sector against harvested produce is certainly an advantage. …
As more people aggregate in megacities, urban agriculture is starting to be viewed as a sustainable way to produce and efficiently supply locally-grown fresh produce to cities. In India, there are 2 starkly contrasting varieties of urban farming
Urban farmers by choice: A relatively recent crop of startups and small companies catering to eco-conscious and organic-friendly urbanites who want to grow their own rooftop fruits and vegetables.
Urban farmers by default: Small-holder farmers that subsist (and sometimes operate successful businesses) on patches of agriculture-zoned land that have gradually been enveloped by urban development.
Urban farmers by choice