Godrej Capital partners with Creamline Dairy and Dvara E-Dairy for dairy farm loans

New Delhi: Godrej Capital has announced its foray into the agriculture segment with the launch of dairy farm loans in South India.

This initiative comes through a strategic partnership with Creamline Dairy Products Limited and Dvara E-Dairy, aimed at empowering small dairy farm owners across Karnataka and other regions.

Through collateral-free lending, Godrej Capital will extend financial assistance for the purchase and maintenance of cattle to farmers associated with GAVL. This loan offering ensures quick disbursal, a fully digitized process, and flexible repayment options of up to two years, catering to the diverse needs of dairy farm owners.

Manish Shah, MD & CEO of Godrej Capital, expressed, “The decision to embark on this venture comes as a response to the pressing need to extend financial assistance to the dairy farming community, promote financial inclusion across the value chain, and support ecosystems. The disbursement of the first loan in Krishnagiri district marks just the beginning, as we actively seek to engage the dairy industry in other regions of Tamil Nadu and extend our support to farmers in Andhra Pradesh, Telangana, Karnataka, and Maharashtra.”

Acknowledging the dairy sector’s significance in India’s agrarian economy, the partnership aims to uplift 80 million farmers by addressing key factors such as feeding, which significantly impacts milk productivity, accounting for 70% of the total cost of milk. 

Bhupendra Suri, Chief Executive Officer of Godrej Jersey, emphasized, “Better cattle health ensures better well-being of cattle and also enables farmers to obtain better yields, thereby increasing their profitability. Leveraging this platform, our farmers can increase cattle population and strive for higher productivity and better prosperity.”

 Creamline Dairy Products Limited plays a pivotal role in this partnership. With the rising consumption of dairy products in India, the initiative aims to address the challenges faced by dairy farmers by providing them with flexible financing options to enhance productivity and drive economic prosperity.

Ravi K.A., founder, MD, and CEO of Dvara E-Dairy, stated, “The synergy brings significant value to the stakeholders, enabling thousands of dairy farmers to access affordable financing from Godrej Capital and an innovative platform for cattle loans. The arrangement will bring doorstep access to financial services, empowering dairy farmers to increase milk yield, meet their working capital requirements, and make informed financial decisions.”