Agri Loans to Marginal Farmers in Bangladesh: In the pursuit of agricultural sector development, it’s imperative to enhance the accessibility of loans for marginal farmers.
Historically, farmers had very few options on their grips to promote their agri-farming. Informal lenders and MFIs are still the major sources of borrowing for marginal farmers though banks are also scaling up agri-financing programs across the country.
Agritech financing startup Ayekart raised $6.5M in series A round led by Omnivore, Siana Capital, and Unleash Capital Partners. Ayekart aims to expand operations, serve more FPOs, and has facilitated over 2.5 lakh transactions with a value of Rs 2,100 crore.
The Chennai-based firm, which is incubated at IIT Madras Research Park and is operated by Agrosperity Tech Solutions, is currently present in four districts in Tamil Nadu and Bihar and is looking to expand in the southern states in the next five years.
The program endeavours to help accelerate agriculture startups to grow sustainably by providing them with equity seed funding, grant capital and incubation support.