Manipal Business Solutions
Manipal Business Solutions is a fast-growing Fintech based out of Gurugram, building platforms to facilitate transactions using the latest technologies.
OFFERING
- Digitization of agriculture value chain with focus on dairy
- Savings including access to long term savings/micro pension
APPROACH
MBS has conceptualized, designed and developed a Digital Solutions Platform called–“SahiPay®” to offer banking services through multiple digital channels. MBS is working with both formal and informal dairy cooperative societies in Assam to digitize the dairy value chain. Their approach involves including more farmers in the banking system which will enable them to transact more efficiently and access various financial services.
PROPOSED IMPACT
- Digitization of dairy value chain on “SahiPay®” digital platform in the APART districts
- Credit at affordable rates directly from the partner banks of MBS to dairy farmers.
RangDe – SV Agri
Rang De is a platform that facilitates Peer to Peer (P2P) lending with a special focus on the financial inclusion of underbanked/unbanked communities.
OFFERING
- Enhancing Potato value chain in the state of Assam though quality input, technical advisory, and sale agreements.
- Providing input credit to small holder farmers
APPROACH
S V Agri works directly with the potato farmers and provides training and quality seeds with a buy back guarantee. Therefore, helping farmers increase their income. RangDe provides input credit to the farmers to transition to better varieties of potato thus enhancing their income.
PROPOSED IMPACT
- Focussed agriculture financing at a affordable interest rates to farmers
- New technology, technical assistance, and seeds to potato farmer with buy back guarantee
VimoSewa – SeSTA – FWWB
VImoSewa, along with their partners Seven Sisters Development Assistance & Friends of Women's World Banking, India aims to strengthen the agri value chain by providing financial services including credit, insurance, and financial literacy.
OFFERING
- Unique wage loss insurance coverage for farmers who are hospitalised
- Credit to farmers interest groups (FIGs) and FPO/FPCs
APPROACH
Vimo Sewa works directly with the farmers through their consortium partner SeSta to train them on financial literacy components using their customised modules.
- Institutional Credit to FPOs
- Delivering credit services through FPOs to the farmers
- Insurance services (Income loss policy)
- Financial literacy of farmers
- Capacity building of FPCs, SHGs, and VOs
- Implementation through local partner SeSTA
PROPOSED IMPACT
- Farmers will be covered under their innovative insurance product in 2 years in three districts.
- Credit at affordable rates to FPO/FPCs through the consortium partner FWWB
DeHaat – Green Agrobusiness - CoverFox
DeHaat is one of the fastest-growing start-ups in the Agri Tech sector and one of the very few companies providing end-to-end solutions and services to the farming community in India.
OFFERING
- Digitization of agricultural payments.
- Supporting risk management and insurance.
- Delivering credit
APPROACH
DeHaat™ works with FPCs/FPOs as their channel partner to deliver all services like the sale of agri-inputs, access to financial services, insurance, and aggregation of agri- output. It offers farmer solutions through DeHaat farmer app and FPCs/FPOs level solutions through their DeHaat business app. Through its consortium partner Coverfox it offers parametric crop insurance services to the farmers.
IMPACT
- DeHaat™ will work in 9 APART districts and will onboard farmers and FPC/FPOs on its mobile application for optimization in input usage and advisory services
- Insurance services to farmers through the consortium partner Coverfox
- Credit to the FPCs onboarded on its mobile application
Go-Green
GoGreen Warehouses work across the agro value chain, providing a range of post-harvest services to our stakeholders, led by a team of competent professionals.
OFFERING
- Micro-warehousing infrastructure at the last mile through innovative hub and scope model.
- Post-harvest financing through Warehouse receipt finance in partnership with wide verity of financial service providers.
- Introduce complete warehousing related services like quality assaying, certification, transportation, etc.
APPROACH
GoGreen works with farmers and organises them to develop common collection centres at different places and links the farmers with the storage facilities developed by them. They also provide input credit facility to the farmers as well as credit against, negotiable warehouse receipts in electronic or (e-NWR).
IMPACT
- eNWR and storage services to the farmers
- Credit to farmers and FPCs
Samunnati- Kalgudi
With the vision to make markets work for small farmers and make agri-value chains operate at a higher equilibrium, Samunnati along with its consortium partner Kalgudi will be offering both financial as well as non-financial services for the farmers of Assam under Xamahar.
OFFERING
- Delivery of financing services through Aggregators and Buyers of Agri produce
- FPO stakeholder coordination for delivery of financial products through Kalgudi digital platform
- Financing Post Harvest Infrastructure Farm Mechanization & agriculture assets (investment)
APPROACH
Serving the entire value chain, Samunnati’s Agri Finance solutions facilitates farmer collectives and the larger ecosystem players to be more efficient and productive through multiple technology enabled interventions and collaborative partnerships. Along with Kagudi Digital Pvt. Ltd. which provides the digital platform for convergence of services and stakeholders to be more efficient and productive through multiple technology-enabled interventions and collaborative partnerships. Kalgudi provides a network interaction platform that will converges all stakeholders of agriculture and allied sectors thus creating profound value to the entire ecosystem.
IMPACT
- On boarding farmers to the digital platform
- Credit financing to FPOs
- Credit financing to Village Level Enterprises
- Credit financing to farmers
ESAF
ESAF Small Finance Bank primarily focuses on expanding the banking horizon to new unbanked and underbanked areas in our society. ESAF aims to address Xamahar’s objective through its ecosystem of partners, channels, and service suites in a holistic way.
OFFERING
- Complete suite of banking services to the last mile including pension and insurance services
- Credit to Farmer Interest Groups and FPO/FPCs
APPROACH
ESAF provides working capital financing and book-keeping applications for FPOs. It provides suite of services like Current/Savings Accounts, Deposits, Micro Recurring Depositis, Digital Payment Services, Pensions, and Insurance further strengthen Social Security and Financial Empowerment in the communities they work.
IMPACT
- Setting up of Customer Service Centres
- Credit to Farmer Interest Group (FIGs)
- Credit to FPOs
- Loan against gold for agriculturists
- Insurance Coverage to farmers
- Atal Pension Yojana to farmers
Integra – FCF - Sanjog
Integra along with its partners Fair Climate Fund India and Sanjog aims to digitally facilitate credit for farm mechanization and enhance agricultural output, to promote awareness about sustainable farming practices, financial literacy, government-led social security schemes, and the benefits of collective financial mechanisms like JLG/SHG among farmers and their families.
OFFERING:
- Digitally enabled credit facilitation for the farmers for Farm Mechanization.
- Promote awareness among farmers about advanced agricultural practices, the environmental impact of carbon emissions, the significance of adopting carbon-neutral technologies, financial literacy, the benefits of banking and government social security schemes, and the advantages of collective financial mechanisms.
APPROACH:
Intega consortium plans to unify banks and NBFCs within a digital lending framework to enhance the loan process. Additionally, FCF will introduce farmers to carbon-neutral technologies and benefits of carbon savings. To ensure low default rates, the consortium will champion group lending through SHGs and JLGs and amplify financial awareness among farmers. Sanjog, will survey farmers to understand their equipment needs and financial standing. These insights will be digitally submitted to banks for loan assessments.
PROPOSED IMPACT:
- The consortium plans to disburse 1,000 loans in the Nalbari and Barpeta districts.
- Develop a digital platform for efficient sourcing and loan processing.
- Foster financial literacy among farmers, encouraging them to leverage financing opportunities to improve their livelihoods and socio-economic status.
FIA
FIA Technologies is a corporate Business Correspondent (BC) with multiple private and PSU banks.
Through this project, FIA’s focus will be to-
- Develop a savings and investment culture.
OFFERING
- Banking services to the last mile with special focus on the fisheries value chain
- Credit services in the fisheries value chain.
APPROACH
FINEVISTA is an AI powered service platform through which FIA offers banking services, value added services, digital payments, and direct benefit transfer (DBTs). Thus, increasing farmer’s access to financial services and digitization. FIA is working to boost regional hyper-local Agri economy through credit with focus on fisheries value chain.
IMPACT
- Digitization of transactions
- Insurance Coverage to farmers
- Atal Pension Yojana to farmers
- Credit financing to farmers
Absolute
Absolute consortium focuses to empower farming communities, leveraging technology and data to enhance growth and unlock value throughout the farming value chain. Along with the consortium partner DigiSafe, it will work on de-risking the fisheries value chain through customised micro insurance product and data based advisory the fish farmers in Assam.
OFFERINGS:
- Micro-insurance products for fisheries through DigiSafe
- Flood, Livestock & crop insurance products through DigiSafe
- Data based advisory solutions & rural employment
APPROACH:
Absolute will focus on de-risking agriculture in Assam with emphasis on fisheries value chain. Using their emerging tech ecosystem they will empower farmers with data-informed advisories, agronomist expertise, real-time pond health monitoring along with providing parametric and non-parametric insurance products catering to the needs for the farmers.
PROPOSED IMPACT:
- Empowering fishery farmers through sustainable financial and risk management strategies.
- Unlocking new and innovative financial solutions across Assam’s agricultural sector