What we need is ‘harder’ partnerships with banks where AgFinTechs focus more on the supply chain and getting the last mile connected, and banks can take on the role of product innovation, which needs a significant boost, and the government along with the private sector can play the role of building the data stack.

Obtaining the necessary data and information to identify climate vulnerabilities – estimating the change, monitoring the impacts is very tough. The lack of this affects financial institutions’ ability to channelize capital into these sectors. The struggle is [also] to navigate climate risks. There are, today, tools available which give you weather patterns, heat maps and scenarios but that is not telling me [as a financier] what my pricing needs to be. It is not telling me what risk mitigation I need to put in place, it’s not telling me what tenor [is needed].