Walmart to start 2 new grants in India

Date:

Share post:

In the states of Uttar Pradesh, Karnataka, West Bengal, Maharashtra, and Andhra Pradesh as well as in the state of Odisha, the Walmart Foundation has announced the awarding of two new grants with the intention of enhancing the standard of living of smallholder farmers by way of the Farmer Producer Organization (FPO) structure.

The foundation’s first award will be in the amount of $3 million and will be given to TechnoServe for the benefit of smallholder farmers in the states of Maharashtra and Andhra Pradesh. The organization’s goal is to reach 24 FPOs and 30,000 farmers, of which it is anticipated that 50% will be women.

The second funding will provide Trickle Up with $533,876 in order to further its mission of connecting 1,000 female smallholder farmers in Odisha with two different nonprofit organizations.

According to Kathleen McLaughlin, Executive Vice President and Chief Sustainability Officer of Walmart Inc. and President of the Walmart Foundation, “The two grants are a part of a new five-year strategy that aims to reach 1 million smallholder farmers by 2028 with at least 50% women,” and this was stated by McLaughlin.

Grants from the Walmart Foundation will focus on enabling local grantees to better support capacity building for farmer producer organizations (FPOs), expanding access to market linkages so that grantees can participate in commercial opportunities in a more seamless manner, and training farmers on sustainable farming methods and technology, with a particular emphasis on empowering women farmers.

Grantees of the Walmart Foundation anticipate that, as a result of these investments, they will be able to collectively sustain over 800,000 smallholder farmers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

5 × 2 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_img

Related articles

Impact of Heightened India-Pakistan Tensions on Business, Market, and Jobs

Elevated tensions between India and Pakistan can trigger a cascade of economic repercussions. The immediate impact is often felt in the financial markets, with stock indices experiencing volatility and investor confidence waning. Bilateral trade, already limited, faces further disruption, affecting businesses reliant on cross-border commerce. Job creation can also be hampered as uncertainty deters investment and economic growth slows. The long-term consequences can be even more severe, potentially leading to a decline in foreign direct investment and a weakening of overall economic stability.

Navigating the New Global Business Paradigm: Innovation, Sustainability, and Leadership in a Disrupted World

In an era defined by rapid technological shifts, climate urgency, and geopolitical turbulence, the role of a CEO has never been more complex—or more consequential. From Silicon Valley to Singapore, leaders are rewriting the rules of business, balancing profit with purpose, and transforming challenges into competitive advantages. This CEO Today cover story delves into the strategies shaping the future of global enterprise, featuring insights from top executives who are pioneering AI-driven innovation, embedding sustainability into corporate DNA, and reimagining leadership for a fractured world. Discover how the most forward-thinking companies aren’t just surviving disruption—they’re thriving because of it.

OpenAI’s Mission to Benefit All of Humanity: Navigating the Risks Amidst Investor Interest

Explore how OpenAI navigates the risks associated with significant investor funding while striving to fulfill its mission of ensuring that artificial general intelligence benefits all of humanity. Discover the challenges and strategies involved in maintaining ethical integrity amidst financial pressures.

Disruptions Worldwide: Tech Outage Causes Chaos and Confusion

Disruptions Worldwide: Tech Outage Causes Chaos and Confusion: Crowdstrike has a lot of questions to answer.