UGC Approved Journal no 63975(19)

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Volume 10 Issue 11
November-2023
eISSN: 2349-5162

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Published Paper ID:
JETIR2311384


Registration ID:
528366

Page Number

d678-d689

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Title

Fostering Sustainable Growth: Evaluating Financing Strategies for Tamarind Value Chains in Rayagada District of Odisha

Abstract

This study focuses on incorporating finance into the analysis of Tamarind's value chain, aiming to develop an effective methodological approach. Finance plays a crucial role as a significant obstacle to economic progress and acts as the backbone of the value chain. Understanding the financial structures within and between enterprises in the value chain is essential for designing upgrading strategies that enhance competitiveness. In this paper, we examine the potential effects of Value Chain Finance (VCF) on tamarind production in the Rayagada district of Odisha. By utilizing the MODEXC software, we calculate the anticipated benefits based on the economic surplus model. Our findings indicate that effective management of Tamarind trees in the Rayagada district has the potential to generate substantial profits. The study further reveals the positive effects of implementing Value Chain Finance, as evidenced by increased producer and consumer surplus, as well as net benefits evaluated through net present value analysis. These results highlight the practicality and advantages of utilizing Value Chain Finance as an innovative financing solution for tamarind production and processing in Rayagada. Based on the study's conclusions, we recommend the establishment of a dedicated Value Chain Financing organization to provide farmers with access to financing options specifically tailored to increase Tamarind production in Rayagada. Such an organization would play a crucial role in supporting farmers and facilitating their financial needs. This, in turn, would contribute to the growth and development of the Tamarind value chain in the region.

Key Words

Tamarind, Value Chain, Finance, Production, Economic Surplus

Cite This Article

"Fostering Sustainable Growth: Evaluating Financing Strategies for Tamarind Value Chains in Rayagada District of Odisha", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.d678-d689, November-2023, Available :http://www.jetir.org/papers/JETIR2311384.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Fostering Sustainable Growth: Evaluating Financing Strategies for Tamarind Value Chains in Rayagada District of Odisha", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppd678-d689, November-2023, Available at : http://www.jetir.org/papers/JETIR2311384.pdf

Publication Details

Published Paper ID: JETIR2311384
Registration ID: 528366
Published In: Volume 10 | Issue 11 | Year November-2023
DOI (Digital Object Identifier):
Page No: d678-d689
Country: Vijayawada, Andhra Pradesh, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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