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Garuda Aerospace, Ninjacart To Offer Short-Term Financing Options To Farmers

Under the partnership, Garuda Aerospace and Ninjacart would offer short-term financing options to farmers thereby enabling them to access the latest drone technology at affordable rates

Garuda Aerospace, Ninjacart To Offer Short-Term Financing Options To Farmers

Press Trust Of India

POSTED ON March 09, 2023 5:31 PM

Drone manufacturer, Garuda Aerospace has partnered with agritech e-commerce startup Ninjacart, with an aim to provide advanced drone technology to farmers across the country.

Under the partnership, Garuda Aerospace and Ninjacart would offer short-term financing options to farmers thereby enabling them to access the latest drone technology at affordable rates.

Garuda Aerospace in a statement here on Thursday said using drones in the fields helps improve crop yields, reduce costs and increase efficiency. 

The 'strategic partnership' between the two entities would offer training and business opportunities to young entrepreneurs in rural areas.

"This partnership will not only help farmers improve their yields and reduce costs, but it will also provide young entrepreneurs with skills and business opportunities," Garuda Aerospace founder-CEO Agnishwar Jayaprakash noted.

"We believe that this collaboration will help in developing an ever-lasting impact on the agricultural sector."

Garuda Aerospace has a fleet of 400 drones and a team of over 500 pilots across 84 cities.

Ninjacart chief executive officer (CEO) and co-Founder Kartheeswaran KK said, "Our partnership with Garuda Aerospace will bring the latest drone technology to farmers and help them increase their yields and reduce costs. We are excited to be a part of this initiative and bring the benefits of technology to the agricultural sector."
 

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