Grain commerce platform Arya.ag announced its partnership with Shivalik Small Finance Bank. Through this collaboration, Arya.ag will serve as a business correspondent for the bank, aiding farmers, agro-processors, and micro-enterprises financially. The goal is to facilitate over ₹200 crore in warehouse receipt financing during the current financial year, the company said in a statement.
Anand Chandra, Co-founder of Arya.ag, said, “Our partnership with Shivalik Small Finance Bank highlights our commitment to empowering farmers and MSMEs traditionally underserved by formal banking. This partnership offers assurance to financial institutions and creates a more inclusive ecosystem for small agri-stakeholders.”
According to the company, this initiative will extend the bank’s reach, providing crucial funding to the agricultural ecosystem throughout India. Partnerships of this nature democratize access to financial services, guaranteeing fair pricing and a steady flow of credit for farmers and Agri MSMEs.
Anshul Swami, Managing Director and CEO of Shivalik Small Finance Bank said, “Our partnership with Arya.ag aligns seamlessly with our vision of focusing on underserved segments through digitally focused, affordable products. Arya.ag’s expertise and dedication have provided an additional layer of professional assurance at all levels, increasing our reach and market penetration at a never-before speed. Together, we are happy to make a difference in the lives of those who need it the most.”
