Under this partnership, Unnati will offer working capital credit, in collaboration with its lending partners and enable Yara Crop Nutrition Centers (YCNCs) to quickly access funds through a digital process across India. .
With a vision to make the agricultural ecosystem more financially independent and digitally advanced, Unnati, a digital agricultural ecosystem, has partnered with Yara, a Norwegian multinational operating in India that provides nutrition and agriculture solutions for crops. Under this partnership, Unnati will offer working capital credit, in collaboration with its lending partners and enable Yara Crop Nutrition Centers (YCNCs) to quickly access funds through a digital process across India. .
YCNCs will also be eligible for up to 90 days of repayment tenure with a seven-day interest-free credit facility. The latest reconciliation allows YCNCs to be enabled through the uStore app, an easy way for agri-input retailers, distributors, Farmer Producer Organizations (FPOs) and traders to manage business, payment services , working capital loans, and more. This alliance is the right step towards digitizing YCNCs, enabling them to create digital stores, engage farmers, track orders, manage inventory and source smart.
Amit Sinha, Co-Founder and Director of Unnati, said, “Unnati has digitized all farmer touchpoints and worked closely with agri-input brands and channels to provide digital services to farmers. Unnati will be able to bring the best of digital services. , enabled with access to easy credit facilities from its NBFC partners and banks to YCNC’s network across the country. It combines Yara’s crop nutrition management portfolio provided by YCNCs with Unnati’s digital platform. We are thrilled to have YARA as a partner and sincerely hope to bring about change for the better so that we, along with the farming community, can grow together.
Sanjiv Kanwar, Managing Director of Yara, India, said, “With the help of Yara Crop Nutrition Centers (YCNCs), we are trying to create an ecosystem where farmers have access to quality inputs essential for improve marketable yields, leading to increased farm incomes. . With Unnati as a partner, YCNCs will have the advantage of having access to an efficient credit system that will help them develop their business for the benefit of farmers.