DHAAN GRAIN BANK

“From King to Beggar, Whatever befall, The Farmer, He must feed them all”

DHAAN bank brings landless and farmers in the village together to facilitate the grain credits to the landless.

Use Case

In Bandaguda village in central Odisha, Madhu Digal, who is a landless wage labourer doesn’t have any option for livelihood in at least 5 months across the year. And there is a gap between the rice he gets from Government and what his 8 member family require every month. To meet this gap, he was taking 20 kg paddy loans from his neighbour Rasananda Mallick, who is a farmer in the village and repays 25 Kg paddy. By this mechanism, Rasananda is also having advantage of selling at a later point when the prices are higher than harvest season in addition to interest gains. But every landless wage labourer is not ready to adopt this coping strategy because of the dignity problem associated with it. So most of them, or almost all of them end up in reduction in the consumption of food.

Potential

One grain bank will cater to 10 tribal hamlets, 500 households. So a network of just 10 grain banks will help around 10,000 people move out of hunger. Then imagine about the dream of a network of 1 Million grain banks. It has the potential to help around 1 Billion people move out of hunger. It also increases the farmer’s income by 7 % of the current income by providing deposit interest as well as better prices. It also reduces the storage and distribution losses.

Business Case

DHAAN Bank is a network of grain banks which provides grain loans to the landless and accept grain deposits from small and marginal farmers. The landless have to repay the loan at an interest rate of 25 % p a as grain loan interest. Similarly the deposited grain will be accumulated by a multiple of deposit interest of 12 %. The difference in these interests is the grain revenue, and this can be sold in the market for market rates and this revenue is completely credited to DHAAN Bank’s account. Similarly the DHAAN bank help in selling the deposited grain to agribusiness brands after the 6 month or 9 month deposit period, and the bank gets a commission for this sale. These are the two revenue sources for the bank.

Objectives:

  1. To help 1 billion people move out of acute hunger: A network of just 10 grain banks can help almost 10000 people move out of acute hunger.
  2. To reduce the food wastage in the process of storage and distribution with the improved storage infrastructure and aggregation under DHAAN
  3. To ensure better market linkage to farmers: The farmers of the region produces tasty organic rice.

Team DHAAN GRAIN BANK

ANAND, India

Our Team

Our Mission

DHAAN GRAIN BANK comes up with a sustainable economic model to eradicate hunger from the world.We believe in the principles "Hunger is not an issue of charity" and “farmers are the guardians of food security”.Our mission is to establish 100000 village level grain banks to meet the basic food needs of 100 Million people.DHAAN bank brings landless and farmers together to facilitate the grain credits to the landless and a better storage mechanism and revenue source for farmers.

Our Background

The founders are about to complete their program in rural management this year and we consider the beneficiary community also as part of the team. They showed us the idea, we just developed it further. Our team had the distinction of being recognized as Young Social Entrepreneurs by Singapore International Foundation.We believe in collaboration; it is impossible to fight hunger alone. But when passionate people join hands for a cause, nothing is impossible.

Our Team

Our Mission

DHAAN GRAIN BANK comes up with a sustainable economic model to eradicate hunger from the world.We believe in the principles "Hunger is not an issue of charity" and ...Read More

Our Background

The founders are about to complete their program in rural management this year and we consider the beneficiary community also as part of the team. They showed us ...Read More

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    Posted three facts about global food issues learned in the Explore mode
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The information contained here represents student project ideas developed as the result of brainstorming activities during Round 1 of the TFF Challenge. It does not represent any final business plans or commercial products.