Shivalik Small Finance Bank Partners With Arya.ag To Empower Smallholder Farmers

* Partnership to enable ease of finance for smallholders

Arya.ag, India’s largest and only profitable grain commerce platform at scale, has announced a strategic partnership with Shivalik Small Finance Bank – a scheduled commercial bank in India. With this business correspondent model partnership, Arya.ag, will further its mission to drive financial inclusion for farmers and FPOs and offer loans through Shivalik Small Finance Bank under Warehouse Receipt Finance.

To bridge the trust deficit in the ecosystem, Arya.ag partners with various financial institutions to offer loans to small and marginal farmers including women, who fall out of the consideration of formal banking.

“We at Arya.ag are thrilled to announce our partnership with Shivalik Small Finance Bank. Shivalik Small Finance Bank’s innovative technology-focused vision and their dedication to serving smallholder farmers perfectly align with our core objective of building trust and transparency in the agricultural value chain. Our collaboration will not only strengthen our ability to promote equitable growth in agriculture but also offer more opportunities for the smallest stakeholders to access financial resources and drive positive change in the industry” said Anand Chandra, Co-founder of Arya.ag, regarding the partnership.

“In line with our vision to focus on small and underserved segments through the delivery of digitally focused, affordable products and differentiated customer experience, partnership with Arya.ag will enable us to stay connected with the farmers directly. Arya.ag’s digitized processes, AI enabled systems and customized solutions it offers us the additional layer of professional assurance we require at all levels.” said Anshul Swami, MD & CEO Shivalik Small Finance Bank.

In today’s landscape, the adoption of high-tech banking capabilities is more crucial than ever to meet the needs of a rapidly changing industry and diverse borrower base.  Alliances like these enable ease of business for seamless lending processes, more efficient operations for end-users, and create new opportunities for digital engagement.

ABOUT ARYA.AG

Arya.ag, India’s largest and fastest-growing integrated grain commerce that eliminates the trust deficit in the grain commerce value chain through its disruptive integrated PAN India platform that delivers value to all stakeholders by enabling access to high-quality produce, products, and services. Powered by an exponentially growing layer of visibility and control currently stretching across 425 districts in 21 states, 11,000 warehouses and USD 2.5 billion of grain, Arya.ag offers the assurance of quality supply to buyers and on-time fair payment for their produce and allied services to seller. It seamlessly embeds finance to maximize value for both sellers and buyers and the platform facilitates over USD 700 Mn of finance annually. More at www.arya.ag

ABOUT SHIVALIK SMALL FINANCE BANK LIMITED

Shivalik Small Finance Bank is the first Small Finance Bank in India to have transitioned from an Urban Cooperative Bank with 24 years of experience in offering retail banking products and services. The bank is technology focused and is powered by Infosys Finacle Core Banking and Digital Banking Suite. The bank’s cloud-based architecture provides it with unmatched agility to cost-effectively manage scale and power its growth. The Bank is live on all retail payment platforms including UPI, IMPS, NEFT/RTGS and is a direct member of the National Financial Switch. The bank has over 6 lakh unique customers and operates through 52 branches and 75 exclusive Business Correspondent Branches across Uttar Pradesh, Uttarakhand, Madhya Pradesh, National Capital Region (NCR), and Haryana. Learn more: http://www.shivalikbank.com