- India’s largest integrated grain commerce platform accelerates financial inclusion and reduces wastage across the agricultural value chain
Delhi, 27th September 2024: Arya.ag, India’s largest and only profitable grain commerce platform, has released its latest Impact Performance Report, showcasing its transformative impact on farmers and Micro, Small, and Medium Enterprises (MSMEs) within the agricultural sector. Conducted in collaboration with 60 Decibels and sponsored by Quona Capital, the report emphasizes Arya.ag’s pivotal role in expanding access to financial services and reducing wastage in the agricultural landscape.
The report highlights that 85% of farmers accessed financial services through Arya.ag’s platform, and 87% of MSMEs accessed working capital, underlining Arya. ag’s commitment to fostering financial inclusion. The platform’s unique offerings were deemed irreplaceable by 60% of farmers, who found it difficult to identify a suitable alternative to Arya.ag. Notably, 79% of farmers reported an increase in their earnings due to Arya.ag’s services.
A key outcome of Arya.ag’s intervention is the significant reduction in farm produce wastage. 67% of farmers reported a decrease in wastage, with 73% of individual farmers noting a reduction compared to 58% of farmers associated with Farmer Producer Organizations (FPOs). The reduction in wastage was more pronounced in South India, where 64% of farmers reported a substantial decrease in farm produce wastage, compared to 35% in the rest of India.
For MSMEs, Arya.ag’s impact was equally in-depth. 86% of MSMEs reported an improved ability to plan and manage working capital, while 89% experienced enhanced access to raw materials at the right time, demonstrating Arya.ag’s role in strengthening the agricultural supply chain.
Speaking about the report, Prasanna Rao, CEO and Co-founder of Arya.ag, stated, “These results validate our mission of creating equitable value chains in agriculture. By bridging critical gaps in finance and market access, we’re not just improving businesses; we’re transforming lives and fostering inclusive growth across India’s agricultural landscape.”
Looking forward, Arya.ag is committed to refining its offerings based on these insights, with an ambitious goal to impact over 10 million farmers in the next 3-4 years. The company plans to facilitate over $3 billion in agri-loans and create commerce linkages of over $4 billion, while expanding its storage footprint by more than fourfold by 2028.
As Arya.ag continues to grow, the company remains dedicated to fostering financial inclusion and business growth within India’s agricultural sector, helping stakeholders across the value chain thrive in a more equitable and efficient market.
For more information: please visit [www.arya.ag] and access the complete Impact Performance Report
