June 20, 2024

GHBellaVista

Imagination at work

Agtech start-up Unnati introduces pay later option for farmers

Agritech begin-up Unnati is introducing the ‘pay later’ alternative to farmers for getting the inputs such as seeds and agrochemicals on its system.

Unnati has partnered with a non-banking economic business (NBFC) for desire subvention. The ‘pay later’ facility is currently being released for farmers in Uttar Pradesh and Bihar, in which the business has previously captured knowledge of massive consumer foundation.

“We are previously piloting the pay out afterwards facility with our suppliers and traders and the same would be prolonged to farmers in the forthcoming rabi time,” claimed Amit Sinha, Co-founder, Unnati. The desire subvention can also be finished by the agri-input manufacturers, which the farmer is getting, Sinha claimed.

Plan capabilities

Farmers can acquire inputs such as seeds, pesticides and gear extras from the dealers registered with Unnati and pay out for it through equated regular instalments. “Farmers can also reserve in progress their prerequisite for seeds and other inputs through the system or dealers,” Sinha claimed.

Unnati has a community of sixteen,000 suppliers and traders through which the farmers registered on its system can acquire inputs and also market their make.

Sinha claimed that about 2.75 lakh farmers are registered on the Unnati tech system through which the business also delivers economic products and services and farm advisory. Unnati has partnered with Paytm Bank to drive economic inclusion amid the farming community.

“We are working with many parameters to build the credit score profile of our farmers associates. The parameters include the dimension of landholdings, the transactions carried out on the Unnati system amid other folks,” Sinha claimed.

Unnati presently operates in elements of Uttar Pradesh, Madhya Pradesh, Maharashtra and Bihar and proposes to develop its operations to Andhra Pradesh, Telangana and Rajasthan this 12 months.