Arya.ag, a leading agritech platform, today announced its milestone of crossing Rs 1000 crore worth of loan disbursal in a single year through its fintech platform – Aryadhan. With the objective of providing ‘financial inclusion through ease of finance’ to smallholders, Arya. ag’s built-in digital capabilities support their immediate liquidity requirements, enabling a good harvest season.
“Over the last three years, Arya.ag has been able to grow its loan disbursals from Rs 281.63 crores in FY 2021 to Rs 1015.76 crores FY 2023,” the agritech informed.
The core of Arya. ag‘s strategy lies in digitising stored produce into an electronic balance that can be stored, offered as security for a loan, or sold at the click of a button. Borrowers can then avail of a loan on their produce without the need to sell it to generate cash flows with Arya. ag’s first-of-its-kind single-click agri loan, Insta-Loan. Seamless facilitation of credit also helps de-link farmers from non-institutional sources where they are compelled to borrow at steep interest rates.
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“Arya.ag also provides loans to farmer producer organisations (FPOs), Arya Mitr, with a line of credit to make quick and hassle-free payments to their farmers and input suppliers for any transactions. Arya. ag’s technology stack built on Internet of Things (IoT), Analytics, Artificial Intelligence (AI), and Machine Learning (ML), enables minimal transaction costs and an expedited turnaround time (TAT) for loan disbursements, making it a valuable offering for smallholders and FPOs who can fend off all distress and maximise the value of each grain,” Arya.ag said.
Highlighting the milestone, Anand Chandra, Co-Founder, Arya.ag said, “Our objective to attain cohesiveness between agricultural value chains, cutting-edge finance and technology to create a highly scalable offering continues to be our driving force. Our growth and profitability have further motivated us to reimagine the ecosystem. This milestone is a recognition of our efforts to further the financial inclusion of farmers into the formal economy.”
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“With its phygital model, Arya.ag has been more relevant in near farm locations where banks are largely averse to lending, citing risk considerations. Its unique value proposition continues to find increased relevance amongst agri stakeholders. More than 98 per cent of Arya.ag loan disbursal happens digitally, and the portfolio remains impeccable with near-zero NPAs. Arya.ag has also launched a first-of-its-kind public agri blockchain ledger and is now in the process of moving its loan operations onto the Blockchain,” the agri-fintech said.
