Arya.ag, India’s largest and fastest-growing integrated grain commerce platform, has announced crossing the distinct milestone of reaching the Rs 500-crore book outstanding on its embedded fintech platform, Aryadhan. This was stated in its press release issued on June 28.
The agritech platform has recorded over three times growth on its digital agri-lending book in the last six months.
This feat has been propelled by Arya.ag’s indigenously built digital capabilities, which have been customized for simplified and optimum use by smallholder farmers and farmer producer organizations (FPOs). With immediate access to finance, farmers, FPOs and other stakeholders in the value chain can tide over any liquidity requirements and fend off any distressed sale scenarios after harvest.
Arya.ag’s technology stack, built on IoT, analytics, AI and ML, enables minimal transaction costs and lower interest rates for borrowers while expediting the turnaround time (TAT) for loan disbursements. Today, Aryadhan is the largest NBFC in Warehouse Receipt Finance (WRF), distinguished by its deep outreach to farmers and FPOs. Its unique phygital model is especially relevant in near-farm locations where banks are largely averse to lending citing risk considerations.
The salient features of Arya.ag’s digital lending services to farmers include faster processing — 95 per cent of the transactions are processed within 20 minutes — and market linkages with thousands of traders on board across 350+ locations.
Arya.ag’s value proposition continues to find increased relevance with agri stakeholders. The platform saw a sharp rise in its loan book from Rs 142 crore in December 2021. Having disbursed over Rs 1200 crore so far, the platform has managed to maintain immaculate asset quality with near-zero NPA levels.
Recently, Arya.ag further consolidated its bouquet of digital lending offerings by introducing industry-first and revolutionary Insta-Loan and Insta-Release products.