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BCtA
  • Member Login
You must include atleast 3 characters!
  • ABOUT BCtA
    • ABOUT BCtA
    • INCLUSIVE BUSINESS AND SDGS
    • OUR TEAM
    • OUR PARTNERS
    • BCtA TIMELINE
    • GET IN TOUCH
  • JOIN BCtA
  • OUR MEMBERS
  • NEWS & EVENTS
    • HIGHLIGHTS
    • NEWS
    • WEBINARS
    • EVENTS
    • BCtA & GUARDIAN LABS
    • ANNUAL FORUM 2019
    • ANNUAL FORUM 2020
  • RESOURCES
    • OUR INSIGHTS
    • REPORTS
    • CASE STUDIES
    • COVID-19 RESOURCES
    • MULTIMEDIA
  • IMPACT
    • IMPACT LAB
    • IMPACT CHAMPIONS
  • TOOLKITS
    • MATURITY JOURNEY
    • IMPACT LAB
    • MANAGEMENT PRACTICES
    • HUMAN RIGHTS AND IB
    • IB IN SUB-SAHARAN AFRICA
    • GENDER EQUALITY FOR BUSINESS
    • SME ACTION PLATFORM
    • SDG CORPORATE TRACKER COLOMBIA
  • BCtA ANNUAL FORUM

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Multi Commodity Exchange of India

Business Call to Action >Members >Multi Commodity Exchange of India

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Multi Commodity Exchange of India

BCtA Membership StatusAlumni

Boosting Growth and Incomes in India's Agricultural Sector

Sector
Financial Services
Region of Initiative
Asia & Pacific
SDG contribution
SDG 8: Decent work and economic growth, SDG 9: Industry, innovation and infrastructure

Despite the rapid growth of the Indian economy in recent years, India's agricultural sector and rural smallholder farmers have faced enormous obstacles to growth. Among the greatest of the challenges farmers face is the lack of access to critical information about crops and market pricing in India's agricultural heartland.

In September 2010, Multi Commodity Exchange of India, or MCX, pledged to help transform the agricultural sector in India by providing as many as 60,000 smallholder farmers with access to information that will allow growers to boost productivity and income. Through its Business Call to Action initiative, MCX will mobilize $950,000 over five years to develop 50 Gramin Suvidha Kendra (GSK), or rural service centers, in various states throughout India. At the rural service centers, farmers will be able to keep abreast of market data, prices of crops and crop protection products, and weather reports.

To date, more than 7,000 farmers have benefitted from this initiative which helps lay the foundation for an entrepreneurial, market-based agricultural sector, in which farmers are linked to the wider national and international markets.

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