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Walmart Foundation
Walmart Foundation has provided three new grants totalling USD 2.78 million to advance technological innovation in India's agriculture sector. With the Walmart Foundation funding, the National Entrepreneurship Network (NEN), Cornell University in support of the Tata-Cornell Institute for Agriculture and Nutrition (TCI) and Precision Development (PxD) collectively aim to reach over 3,00,000 farmers in India, according to a statement. Walmart.org represents the philanthropic efforts of Walmart and the Walmart Foundation. These grants aim to enhance farmer livelihoods, increase market access and promote sustainable agricultural practices, thereby contributing to the Walmart and Walmart Foundation goal of reaching 1 million smallholder farmers by 2028 across India's agriculture sector, it added.
Walmart Foundation on Thursday announced a USD 2 million (around Rs 16.32 crore) grant for a project that aims to transform 60 women-led farmer producer organisations (FPOs) into independent institutions over 30 months. The grant, given to the project 'PROWFIT' to be implemented by an NGO Pradan, will aim to empower nearly 120,000 women to create viable smallholder businesses with a total cumulative annual turnover of USD 32 million, it said. As part of the project, the FPOs will receive assistance to develop business plans, build necessary systems and processes, and implement governance systems for their ventures. In addition, they will also be provided technology and financial support through access to service partners and linkages with relevant national or state government programs to avail complementary aid. For example, under the central government's scheme 'Formation and Promotion of 10,000 FPOs', 29 FPOs from the project will be able to benefit with access to improved ...