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The report highlights that 85 per cent of farmers accessed financial services through Arya.ag’s platform, and 87 per cent of MSMEs accessed working capital.

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 emphasises Arya.ag’s pivotal role in expanding access to financial services and reducing wastage in the agricultural landscape.

The report highlights that 85 per cent of farmers accessed financial services through Arya.ag’s platform, and 87 per cent of MSMEs accessed working capital, underlining Arya. ag’s commitment to fostering financial inclusion. The platform’s unique offerings were deemed irreplaceable by 60 per cent of farmers, who found it difficult to identify a suitable alternative to Arya.ag. Notably, 79 per cent 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 per cent of farmers reported a decrease in wastage, with 73 per cent of individual farmers noting a reduction compared to 58 per cent of farmers associated with Farmer Producer Organizations (FPOs). The reduction in wastage was more pronounced in South India, where 64 per cent of farmers reported a substantial decrease in farm produce wastage, compared to 35 per cent in the rest of India.

For MSMEs, Arya.ag’s impact was equally in-depth. 86 per cent of MSMEs reported an improved ability to plan and manage working capital, while 89 per cent 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.

The report highlights that 85 per cent

PT Bank Rakyat Indonesia (Persero) Tbk has collaborated with PT Syngenta Indonesia to provide financial services for farmers through the CENTRIGO™ Farming Ecosystem.  The end-to-end ecosystem, aimed to support farmers’ needs and increase productivity and profitability, will be launched in October 2022.

The collaboration was formally announced at the signing ceremony of a Memorandum of Understanding (MoU) between Agus Noorsanto, Director of Institutional and Wholesale Business of BRI and Kazim Hasnain, President Director of PT Syngenta Indonesia on 13 September 2022. The collaboration involves various banking services provided by BRI for PT Syngenta Indonesia and all the stakeholders in its business ecosystem.

Agus Noorsanto said this collaboration will help improve the living standards of farmers and advance the agricultural sector in Indonesia. “All financial transaction management will be carried out efficiently through digital solutions, such as the Cash Management Platform – BRICaMS, Corporate Billing Management – BRICBM, Pasar Rakyat Indonesia – PARI, and others.”

PT Syngenta Indonesia is committed to advancing agriculture in Indonesia and ensuring sufficiency as well as quality in a sustainable manner. Through cutting-edge technologies, worldwide experience, and partnerships across the value chain, PT Syngenta Indonesia believes it can help accelerate the growth of the agricultural sector in Indonesia.

On the same occasion, Supari, Director of Micro Business of BRI, and Ronnie Keh, Director of PT Syngenta Indonesia, also signed a cooperation agreement on microcredits and digital solutions for farmers of the CENTRIGO™ Farming Ecosystem. In addition, A Letter of Intent (LOI) was also delivered to Amam Sukrianto, Director of Small and Medium Business of BRI, regarding business cooperations in the SME sector.

The goal of CENTRIGO™ Farming Ecosystem is in line with BRI’s mission to become the champion of financial inclusion that embraces all levels of society. BRI’s experience in disbursing loans from ultra-micro, micro, small and medium enterprises to the corporate segment, will greatly support Indonesia’s agricultural ecosystem.

PT Bank Rakyat Indonesia (Persero) Tbk has