SBM partners with India’s Arya for commodity financing

India’s Agritech startup, Arya, has tied up with State Bank of Mauritius-India (SBM Bank India) for commodity financing.

SBM Bank India is headquartered in Mumbai and has its presence across the top-six metropolitan cities of the country.

Arya provides integrated post-harvest services. Its platform helps users to choose ancillary services like warehouse management, access to finance, quality testing, storage protection services, and connecting produce to buyers.

The startup helps farmers, aggregators, farmer producer organisations (FPOs), food processors and end-user corporates avoid post-harvest losses. It assists sellers of agri-commodities to avoid distress sale of produce by extending post-harvest credit.

The strategic partnership is expected to improve access to credit, ease in financing process and robust solutions for instant credit to every client in the agri value chain.

SBM Bank India’s spokesperson said the company is focusing on commodity financing portfolio, and this partnership strengthens its hold in the segment.