& Shivalik Bank Empower Farmers With Rs2 Bn In Commodity Financing

Paving the way for enhanced financial inclusion through technological innovation and robust banking frameworks

Anand Chandra

FinTech BizNews Service   

Mumbai, March 14, 2024:, India's only profitable integrated grain commerce platform, has partnered with Shivalik Small Finance Bank to provide vital financial assistance to farmers, agro-processors, and micro-enterprises. Through this strategic partnership, acts as a Business Correspondent for the bank, facilitating over 200 crores in warehouse receipt financing in the current financial year. The initiative significantly expands the bank's reach, bringing essential funding to the agricultural ecosystem across India.

This arrangement demonstrates the power of banking-fintech collaborations, bridging the trust deficit within the agricultural ecosystem, particularly in rural India. Digital solutions like act as a conduit in regions where traditional banking infrastructure faces challenges. Partnerships like these democratise access to financial services, ensuring equitable pricing and a consistent supply of credit for farmers and Agri MSMEs.

A key factor driving the success of these models is's commitment to digitising the entire agri-lending process, from application to disbursement. This streamlined approach ensures quick and easy access to financial resources, particularly for those who have traditionally been underserved by financial systems.

Commenting on this significant achievement, Anand Chandra, Co-founder of, stated, "Our partnership with Shivalik Small Finance Bank highlights our commitment to empowering farmers and MSMEs traditionally underserved by formal banking. This partnership offers assurance to financial institutions and creates a more inclusive ecosystem for small agri-stakeholders – a true win-win for all."

Anshul Swami, Managing Director and CEO of Shivalik Small Finance Bank, added, "Our partnership with aligns seamlessly with our vision of focusing on underserved segments through digitally-focused, affordable products.'s expertise and dedication have provided an additional layer of professional assurance at all levels, increasing our reach and market penetration at a never-before speed. Together, we are happy to make a difference in the lives of those who need it the most."

These partnerships anchor their operations in the twin pillars of technological innovation and robust banking frameworks for the benefit of the smallest of stakeholders. 

Cookie Consent

Our website uses cookies to provide your browsing experience and relavent informations.Before continuing to use our website, you agree & accept of our Cookie Policy & Privacy