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Origo eMandi and Vivriti Capital Collaborate To Augment India’s Agri-Ecosystem

The agritech start-up and the fintech will provide financing support of up to Rs 2 crore at an affordable interest rate to farmers, farmer producer organisations and agriculture produce suppliers  

Origo eMandi and Vivriti Capital Collaborate To Augment India’s Agri-Ecosystem
POSTED ON December 09, 2022 1:57 PM

Agri-tech start-up Origo Commodities and fintech non-banking-financial company (NBFC) Vivriti Capital announced their partnership to provide financing support of up to Rs 2 crore at an "affordable interest rate" to farmers, farmer producer organisations (FPOs) and agriculture produce suppliers. 

Using the eMandiCash platform, Origo Commodities aims to increase its penetration in rural India and disburse at least Rs 100 crore through this partnership by end-March, 2023. 

The company seeks to develop eMandiCash as a bridge between  agri producers and financial institutions like banks and NBFCs. This will benefit suppliers and farmers in terms of accessing finance since eMandiCash will be "the first collateral-free supply chain for vendors". 

For now, the collaboration will focus on providing finances in the select states including Bihar, Madhya Pradesh, Uttar Pradesh, Maharashtra, Gujarat, Haryana, Andhra Pradesh, Telangana, Karnataka, Rajasthan, Kerala and Tamil Nadu. 

“With the Vivriti partnership, we plan to expand the supplier network who have credit lines accessible via us in order to ensure they have the required finance to grow their business,” said Sanya Agarwal, general manager of corporate strategy at Origo Commodities.

Vishal Suryawanshi, vice president of credit at Vivriti Capital added, “We are excited to partner with Origo eMandi for supply chain finance of the entities on their platform. This will allow us to offer financing vendors/buyers, agri-suppliers, FPOs and FPCs in the agri value chain. 

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