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HomePosts Tagged "Kissandhan"
Company News, Finance, India, Warehousing

Kissandhan is revolutionising the way farmers, aggregators, traders, and Farmer Producer Organisations (FPOs) access financing.

In a major achievement, SLCM has made a profound impact on the lives of over 78,000 small and marginal farmers, along with more than 23,000 women borrowers, through its financial wing, Kissandhan.

Kissandhan empowers farmers and stakeholders to secure loans of up to Rs 5 Crore by pledging their commodity stocks stored in SLCM’s state-of-the-art warehouses. This significant milestone not only highlights SLCM’s dedication to the agricultural community but also represents a game-changing moment for the company.

Kissandhan, with its diverse range of products, including Commodity Based Finance (CBF), Financing FPOs and Business Correspondent (BC), has facilitated cumulative disbursements of Rs 2773 Crores and issued 48,936 warehouse receipts. This remarkable milestone underscores SLCM’s commitment to the agricultural community.

Kissandhan is revolutionizing the way farmers, aggregators, traders, and Farmer Producer Organisations (FPOs) access financing. SLCM understands the critical role FPOs play in supporting member and non-member farmers during crucial periods such as the procurement of inputs like seeds, fertilizers, and pesticides, as well as during harvesting. Kissandhan ensures that FPOs receive timely loans, enabling them to extend this support to farmers. As a result, farmers receive instant funds when they need them most, leading to improved livelihoods.

 Sandeep Sabharwal, Group CEO, SLCM, expressed his pride in achieving this milestone, stating, “Kissandhan initiative is a testament to our unwavering commitment to the well-being of farmers. We are thrilled to have made a positive impact on the lives of over 65,000 small and marginal farmers and more than 23,000 women borrowers. As we move forward, SLCM remains dedicated to introducing more innovative solutions that will empower the agricultural community and drive positive change in the sector.”

SLCM is also fostering Business Correspondent Partnerships for building retail book with Non-Banking Financial Companies (NBFCs) and Microfinance Institutions (MFIs) through Kissandhan. This initiative provides NBFCs engaged in Agri & Allied activities with loan limits of up to Rs 15 Crores for lending to small and marginal farmers. By doing so, Kissandhan is bridging the gap in rural credit access and empowering marginal farmers in agriculture.

This milestone reflects SLCM’s ongoing efforts to redefine agricultural financing in India. By leveraging technology and a deep understanding of the needs of farmers and FPOs, SLCM through Kissandhan has not only transformed lives but also ensured that the future of agriculture in India is poised for growth and sustainability.

Kissandhan is revolutionising the way farmers, aggregators,

Company News, Finance, India, Supply Chain, Warehousing

Till date, Kissandhan has disbursed loan of more than Rs 2700 Crores and impacted about 6 lakhs plus farmers, Agri traders, Agri Processors, etc.

In another major development, SLCM Group has announced that it has disbursed more than Rs 84.80 Crore to over 19,000 women entrepreneurs till FY22-23 through Kissandhan’s BC (Business Correspondent) Partnership Lending Programme’. The company has onboarded about 10,000 women beneficiaries in the last five months, which not only exhibits a substantial increase in the program’s reach but also indicates the growing scope for women farmers to improve their social and economic stability.

Sandeep Sabharwal, CEO of SLCM Group, said, “We strive to significantly impact the lives of small farm holders and their families. During our analysis, we observed that women’s participation in the agriculture and allied sectors is still meagre, mainly due to a lack of access to credit and empowerment to establish stability. We also noticed women lack decision-making power despite owning land in their name. Women in agriculture earn only 70 per cent of men’s wages, which strongly indicates gender inequality in this space. The launch of Kissandhan Agri Finance business unit is intended to address this pressing issue and ensure that women in our country lead a socially and financially stable life.”

Naresh Kumar, Chief Business Officer, Kissandhan, said, “Crossing the milestone of 19,000+ women loan beneficiaries is a proud moment for all of us at SLCM Group. We aim to double this number in the coming times. Kissandhan is our way of recognizing women farmers for the hard work they do for their livelihood. This underlines our commitment to empowering women through access to adequate capital.”

‘Business Correspondents (BCs)” are representatives appointed by banks/financial Institutions who act as their agents and provide financial services in remote locations where banks are not present. The average ticket size of such loans is Rs. 40,000 per borrower. Till now, Kissandhan has managed to disburse an amount of 80 Crore. to help the women beneficiaries. Till date, Kissandhan has disbursed loan of more than Rs 2700 Crores and impacted about 6 lakhs plus farmers, Agri traders, Agri Processors, etc.

Sohan Lal Commodity Management (SLCM), India’s leading comprehensive service provider in the global post-harvest space for agricultural commodities. Kissandhan serves farmers, joint liability groups, small and medium-sized enterprises, commodity traders, processors, exporters, importers, and other Agri intermediary in India.

Till date, Kissandhan has disbursed loan of

Company News, India

Kissandhan aims to impact the livelihood of small farm holders and their families

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

Sandeep Sabharwal, CEO, SLCM Groupsaid, “Throughout our journey, we have always felt the scarcity and need for women in agriculture. Kissandhan aims to impact the livelihood of small farm holders and their families. The loan benefits to women is our next step in the process. We feel delighted and proud that our programme has crossed the mark of 9,600 women loan beneficiaries, and we wish to double this number in the coming year.”

“Kissandhan is an initiative that intends to minimise this disparity and recognise women and their significant role in livelihood generation and thus give them the desired access to capital to improve their social and economic standing”. Till date, Kissandhan has disbursed loan of Rs 25 billion and impacted about half a million farmers, Agri traders, Agri Processors etc.

Kissandhan aims to impact the livelihood of