ARYA raises debt funding from responsAbility

Arya contributes directly to improving efficiencies in the agricultural value chain by not only providing post-harvest warehousing services but also affordable financing for the small holder farmers and FPOs.

Jul 01, 2020 11:07 IST India Infoline News Service

responsAbility, one of the leading impact investment funds has subscribed to NCDs issued by Arya Collateral Warehousing Services, one of India’s leading post-harvest agricultural services companies. Arya will use the funds to bolster its NBFC arm which is Aryadhan and provide lending support for farmers and FPOs. The recent investment by responsAbility in Arya boosts investors’ confidence in the agricultural sector during these troubled times.

Arya provides warehousing services to enterprises and farmers by offering tech-enabled warehousing support to store their commodities. It’s NBFC arm, Aryadhan, operates a post-harvest fintech platform to extend warehouse receipt loans to farmers, FPOs and small aggregators. Arya addresses the gaps in the agricultural value chain in Primary and Secondary agri-markets by providing tech-enabled post-harvest linkages with integrated services including aggregation, warehousing, quality assessments, finance and market linkages. It also works as a platform to connect the supply side of the value chain to its demand-side.

Ms. Suhasini Singh, Head of Agriculture Debt for responsAbility added: “Sustainable food and agriculture are key target sectors for responsAbility Investments. Arya contributes directly to improving efficiencies in the agricultural value chain by not only providing post-harvest warehousing services but also affordable financing for the small holder farmers and FPOs. It generates suitable incomes, promotes sustainable operations and allows for healthy growth. Our financing to Arya, especially in the times of Covid-19, is intended to support them now and to ensure that their positive impact in the sector continues into the future.”

Anand Chandra, Director, Arya Collateral Warehousing Services, added, “We are continuously scaling our network and improving our capabilities to help streamline the warehousing and financing services in these trying times when farmers and FPOs face an unprecedented disruption in markets. We are working hard to convert this pandemic into an opportunity by maximizing the conversion of the unorganized farm business into an organised one. We are happy to grow our relationship with responsAbility in this journey.”

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