A press release issued by the company said that this exploit is powered by Arya.ag’s locally built digital capabilities, which have been customized for easy and optimal use by smallholder farmers and agricultural producer organizations (APOs). ). With immediate access to finance, farmers, FPOs and other value chain stakeholders can overcome any cash needs and head off any post-harvest hard sell scenario.
Arya.ag’s technology stack based on IoT, analytics, AI and ML enables minimal transaction costs and lower interest rates for borrowers while accelerating turnaround time ( TAT) for loan disbursements. Today, Aryadhan is the largest NBFC in the area of Warehouse Receipt Financing (WRF), which stands out for its wide reach to farmers and FPOs. Its unique phygital model is particularly relevant near farms where banks are widely opposed to lending citing risk considerations.
Arya.ag’s value proposition continues to find increased relevance with agriculture stakeholders. The platform saw a surge in its loan portfolio of Rs 142 crore in December 2021. Having disbursed over INR 1200 crore so far, the platform has managed to maintain immaculate asset quality with non-performing asset (NPA) levels close to zero.
Recently, Arya.ag has further consolidated its bouquet of digital loan offers by introducing revolutionary Insta-Loan and Insta-Release products. Arya.ag’s Insta-Loan allows a farmer to instantly qualify for a loan on their commodity stored at their discretion from the comfort and convenience of their home. The Insta-Release product allows farmers to have immediate access to their inventory when paying loans for resale. Today, in a market that is adapting to digital solutions, 98% of all Arya.ag loans are unlocked digitally.