Historical past was created at PUSA, Dev Prakash Shastri Marg in New Delhi as we speak as the primary ever drone mortgage facilitated by Agri Infra Fund was sanctioned for a Made in India Kisan Drone, manufactured by Garuda Aerospace within the presence of Union Minister for Agriculture and Farmer welfare Mr. Narendra Singh Tomar, Ministers of State Ms. Shobha Karandlaje and Mr. Kailash Choudhary.
“Ever since Prime Minister Narendra Modi Ji flagged off the Garuda Kisan Drone Yatra in February this 12 months, the place the PM flew 100 drones concurrently in 100 villages throughout the nation, our purpose has been to get mortgage approval sanctioned for our Kind Licensed Kisan Drones. Garuda Aerospace has already pre-booked over 2500 drones and firmly is on the trail to fabricate 1 Lakh Made in India Kisan Drones by 2024” stated Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace. Garuda Aerospace has commenced its $30 million Collection A Funding Spherical at $250 million valuation making the corporate India’s most precious drone startup and is aiming to realize Unicorn standing by 2023. Mahendra Singh Dhoni just lately invested in Garuda Aerospace and has turn out to be the Model Ambassador.
Demand for Garuda Aerospace Kisan Drones has been fueled by the progressive authorities insurance policies equivalent to 40-100% subsidy schemes on Kisan Drones unveiled in the course of the latest Parliamentary finances session, ban on import of overseas drones and the 120 Crore manufacturing linked incentive scheme.
Ram Kumar, one of many 25 drone service suppliers who has obtained sanction letters for Agri drone loans expressed immense gratitude by saying “My dream has come true and we’ll now be capable to use the mortgage to purchase Garuda Aerospace Kisan Drones that are probably the most superior and reasonably priced available in the market”. He added by saying “Kisan drones cowl 25 acres per day for precision spraying operations, save pesticide utilization by 70%, save water utilization by 80% and I’m producing Rs.1 lakh a month in income which is best in packages from Byjus, Swiggy, Zomato or Ola”.
The Agri Infra Fund capabilities beneath the Ministry of Agriculture and Farmer welfare and this has spearheaded many novels funding schemes which can be farmer-centric. Joint Secretary Samuel Praveen Kumar who has been well-known for his proactive and progressive coverage suggestions highlighted that Agri drone loans might be an enormous recreation changer for the farming neighborhood. “AIF has a goal to facilitate loans upto Rs.1 lakh crore into the Agri Infra ecosystem and just lately we crossed Rs.10,000 crore. The superior Agri drone manufactured by Garuda Aerospace has a novel reasonably priced service mannequin which can encourage hundreds of drone service suppliers like Ram Kumar to avail these Kisan drone loans in fast time” concluded Mr. Praveen.