{"id":2007,"date":"2023-04-27T10:00:00","date_gmt":"2023-04-27T10:00:00","guid":{"rendered":"https:\/\/blog.kisansabha.in\/?p=2007"},"modified":"2023-04-27T09:02:42","modified_gmt":"2023-04-27T09:02:42","slug":"agritech-can-solve-farm-sector-challenges-uncdf-niti-aayog-report","status":"publish","type":"post","link":"https:\/\/blog.kisansabha.in\/index.php\/2023\/04\/27\/agritech-can-solve-farm-sector-challenges-uncdf-niti-aayog-report\/","title":{"rendered":"Agritech can solve farm sector challenges: UNCDF-NITI Aayog Report"},"content":{"rendered":"\n

The report said that agritech start-ups can find ways to solve the problems faced by smallholder farmers who produce more than 50-60% of agricultural output in lower-middle and lower-income countries.<\/p>\n\n\n\n

NEW DELHI: Some of the critical challenges in the farm sector that lead to loss of income for farmers, including inadequacies in production, supply chain, weather risk and climate change, offer a unique opportunity to agritech start-ups, according to a report published by UN Capital Development Fund (UNCDF) and NITI Aayog.<\/p>\n\n\n\n

The report said that agritech start-ups can find ways to solve the problems faced by smallholder farmers who produce more than 50-60% of agricultural output in lower-middle and lower-income countries. These solutions can bring efficiency across the value chain, the report said.<\/p>\n\n\n\n

UNCDF and NITI Aayog are currently collaborating on an ‘agritech challenge’ initiative aimed at fostering cross-border partnerships to tackle development challenges and enhance the financial well-being of communities.<\/p>\n\n\n\n

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The agritech challenge seeks to promote business collaborations and knowledge sharing through sustainable investments, driving south-south collaboration. This will be achieved by supporting pilot projects in new markets, creating platforms for knowledge exchange between start-ups and incubators and encouraging investments in high-potential start-ups for expansion in new markets, said the report titled ‘Gearing up to solve food security challenges.’<\/p>\n\n\n\n

The ‘agritech challenge’ initiative recognises the critical role of agriculture in emerging economies across Asia and Africa. The farm sector employs over one billion people globally, with more than 50% of medium, small, and micro enterprises in these economies engaged in the sector. Smallholders who own less than two hectares of land make up 82% of total agricultural land holdings and play a vital role in driving productivity, the report said.<\/p>\n\n\n\n

Approximately 49% of farmland is located in low-middle-income or low-income countries. Smallholders produce more than 50-60% of agricultural output in lower-middle and lower-income countries. The initiative emphasizes the importance of sustained growth in agriculture to fuel economic growth, maintain livelihoods, and ensure food self-sufficiency in many emerging economies.<\/p>\n\n\n\n

Read more at-https:\/\/bit.ly\/41YNIeI<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The report said that agritech start-ups can find ways to solve the problems faced by smallholder farmers who produce more than 50-60% of agricultural output in lower-middle and lower-income countries. NEW DELHI: Some of the critical challenges in the farm sector that lead to loss of income for farmers, including inadequacies in production, supply chain, 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