Grain commerce platform Arya.ag has partnered with Shivalik Small Finance Financial institution to help farmers, agro-processors, and micro-enterprises financially. By this partnership, Arya.ag acts as a enterprise correspondent for the financial institution to facilitate over ₹200 crore in warehouse receipt financing within the present monetary yr, the corporate stated in a press release.
Anand Chandra, Co-founder of Arya.ag, stated, “Our partnership with Shivalik Small Finance Financial institution highlights our dedication to empowering farmers and MSMEs historically underserved by formal banking. This partnership provides assurance to monetary establishments and creates a extra inclusive ecosystem for small agri-stakeholders.”
The initiative will assist increase the financial institution’s attain, bringing important funding to the agricultural ecosystem throughout India. Partnerships like these democratise entry to monetary companies, making certain equitable pricing and a constant provide of credit score for farmers and Agri MSMEs, the corporate stated.
Anshul Swami, Managing Director and CEO of Shivalik Small Finance Financial institution stated, “Our partnership with Arya.ag aligns seamlessly with our imaginative and prescient of specializing in underserved segments by digitally centered, reasonably priced merchandise. Arya.ag’s experience and dedication have supplied a further layer {of professional} assurance in any respect ranges, growing our attain and market penetration at a never-before pace. Collectively, we’re blissful to make a distinction within the lives of those that want it probably the most.”
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