Arya.ag, an integrated grain commerce platform, has announced the launch of instant agricultural loans for farmers. Farmers may utilize Arya's digital platform to obtain a quick loan against their stored commodities in Arya's warehouses.
Arya's integrated platform uses AI, ML, and IoT technologies to transform each bag of agricultural products kept in its warehouse into an electronic balance. The automated decisioning engine of Arya.ag provides funding against this electronic balance in a few clicks, assisting farmers in avoiding distress sales following harvest.
Arya said in a statement that it expects to disburse 1,000 crores through its Insta-Loan product in FY23.
With fast access to finance, smallholder farmers and other value chain stakeholders may meet any liquidity requirements. Farmers will be able to maximize the value of their farm products as a result of this.
According to a previous RBI survey, only approximately 40% of Indian farmers have been covered by formal loans. The Insta-Loan from Arya.ag will solve the critical matter of Indian farmers which is the lack of proper access to finance.
"The opportunity of agri-tech businesses in boosting the agrichain ecosystem in India is huge," said Chattanathan Devarajan, co-founder of Arya.ag. Our goal at Arya.ag is to empower the country's farmers by increasing the value of their farm produce. This is made possible by our end-to-end integrated, complete stack solution, which includes digitally connected warehouses, embedded finance, and commerce solutions, all provided via our tech-led digital platform. Our most recent offering, Insta Loan, is intended to provide farmers with comprehensive instant access to loans."
Simple and Convenient loan From Agri.ag:
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Simple documentation: all that is required for a loan of up to 50 lacs is Aadhaar authentication and a PAN.
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Quick disbursement: get your loan within 24 hours.
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They care: Their customer service is only a call away from resolving any of your concerns.
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There is no cumulative interest: no compounding, pay for exact days
For inquiries, you can contact them at:
+91 90152 60260
