SLCM Group rope in over 19,000 women entrepreneurs in agriculture under Kissandhan

12-May-2023 - 0 Comments.

In another major development, SLCM Group has announced that it has disbursed more than INR 84.80 Crore to over 19,000 women entrepreneurs till FY22-23 through Kissandhan's BC (Business Correspondent) Partnership Lending Programme'.

Ergos disburse paperless agri loans of over INR 100 Cr in 7 months

01-Mar-2023 - 0 Comments.

Ergos, India's leading farmer-centric technology platform, backed by Aavishkaar Capital, Chiratae Ventures and British International Investment, that enables farmers to digitise their farm produce and provides them with doorstep access to end-to-end postharvest supply chain solutions, today announced that it has enabled its lending partners to achieve disbursement of over INR 100 crore to small and medium scale farmers and buyers.

SLCM’s agri-financing arm Kissandhan on-boards more than 9600 women loan beneficiaries

15-Nov-2022 - 0 Comments.

Kissandhan, India’s leading Multi Asset Agri Finance NBFC and a subsidiary of the SLCM Group, has on-boarded more than 9600 plus women loan beneficiaries through its BC (Business Correspondent) Partnership Lending Programme and disbursed more than 413.40 Million of loan to them.

Ayekart raises USD 5.5 million in debt and equity to support growth

13-Sep-2022 - 0 Comments.

Ayekart, a startup in the agri-fintech sector, has raised USD 5.5 million from Siply, a fintech platform, and Caspian Debt, a corporate lending financial institution. The Latter provided about USD 2.5 million in debt financing, and former provided over USD 2.8 million in equity finance.

Samunnati open agri network enters co-lending partnership with State Bank of India for financing FPOs

Samunnati, India's Open Agri Network has entered into the largest Co-Lending partnership in India aimed at the Farmer Producer Organization (FPO) space with SBI, India's largest bank. The initial program amount is INR 100 Crores.

Samunnati crosses cumulative disbursement amount of INR 37 crores for its pre-approved loan

02-May-2022 - 0 Comments.

Samunnati, an agri-value chain enabler, and India’s largest agri enterprise announced recently that its Instant Pre-approved Loans (Sam IPL), the digital lending solution to nascent Farmer collectives (FPCs/FPOs), has crossed the cumulative disbursement amount of INR 37 Crores across 600 loans since its launch last year in July 21.

Samunnati signs co-lending partnership with IndusInd Bank exclusively for FPOs

26-Dec-2021 - 0 Comments.

Samunnati an agri-value chain enabler has entered an industry first co-lending agreement with IndusInd Bank to expand credit accessibility and market linkages for farmer producer organisations (FPOs) across the country.

ICICI Bank to use satellite imagery to assess creditworthiness of farmers

28-May-2021 - 0 Comments.

ICICI Bank has announced a unique way to assess the creditworthiness of a specific group of customers. The bank will use satellite data imagery to measure an array of parameters related to the land, irrigation, and crop patterns and use it in combination with demographic and financial parameters to make quick lending decisions for farmers.

National Cooperative Development Corporation secures INR 600 loan from Deustsche Bank

17-Apr-2021 - 0 Comments.

The National Cooperative Development Corporation (NCDC) has secured Euro 68.87 million (Rs 600 cr) loan from Deutsche Bank, Germany’s largest bank, for onward lending to cooperatives in the country.