India: Walmart Invests $10 Million to Technify Smallholders for its Direct Sourcing
Deepening its commitment to improving farmer livelihoods in India, the Walmart Foundation today announced $4.8 million (approximately Rs. 34 crores) in grants to Digital Green and TechnoServe to enable programs that help smallholder farmers have access to agriculture technology, training on sustainable farmer methods, enhanced access to formal markets, and skill and capacity building for farmer producer organizations (FPOs).
These grants are a part of the Walmart Foundation’s commitment made in September 2018 to contribute $25 million (approximately Rs. 180 crores) over the next five years to improve farmer livelihoods in India. Separate from this commitment, Walmart India also announced it would grow its direct sourcing from farmers to 25 percent of produce sold in its Cash & Carry stores by 2023.
With today’s announcement, the Walmart Foundation has contributed over $10 million (approximately Rs. 71 crores) toward its $25 million goal. These grants are expected to create a meaningful impact to more than 81,000 farmers, including more than 29,030 women farmers (many of whom are organized into FPOs) in the states of Andhra Pradesh, Telangana and Uttar Pradesh.