Stimulus good for sustenance, but supply chains need more for resilience

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The government today announced the second set of stimulus measures targeted at the migrant workers, small and the impoverished, as part of its nine major packages. The aim is to create an impact going well beyond the immediate Covid-19 situation and creating long-term resilience for the small and marginal farming community.


India is currently about to enter the fourth phase of nationwide and no sector has been able to withstand its devastating impact. About 85% of Indian are small or marginal, who already grapple with many issues in practicing agriculture like access to quality inputs and knowledge, dependence on monsoon, lack of marketing infrastructure and affordable finance. The Covid–19 situation has amplified the problems. Due to lack of market access and disruptions in the supply chains, the crop losses have shot up to record highs. Agriculture labour shortage has led to human drudgery at farm level and inability to harvest produce. All this has also led to a shortfall of working capital in the agrarian supply chain. Almost all stakeholders are facing working a capital crunch in varying levels. Given these conditions, infusion of capital and creation of liquidity for the had

Manappuram Finance posts 30% growth in profit before tax in Q4FY20

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on Thursday posted a growth of 30.4 per cent in profit before tax at Rs 534.07 crore during the quarter ended March 31, 2020, as compared to Rs 409.41 crore during same period of last year. The company’s total income grew 38.7 per cent to Rs 1618.15 crore during the quarter as against Rs 1166.51 crore during same quarter a year ago.


While profit before tax for the whole year ended March 31, 2020 grew by 37.8 per cent to Rs 2007.30 crore, as compared to Rs 1456.59 crore during FY19, tootal income for the fiscal year grew 30.8 per cent to Rs 5551.19 crore, as against Rs 4242.04 crore during the previous fiscal year.



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Profit before tax from gold loan and others grew 44.5 per cent to Rs 459.47 crore during the quarter, as compared to Rs 317.97 crore during same quarter a year ago. However, profit before tax from microfinance business declined by 18.4 per cent to Rs 74.59 crore as against Rs 91.44 crore a year ago.


The

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