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As agri loans hit record high, can fintechs solve for credit risk?

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As agri loans hit record high, can fintechs solve for credit risk?

Fintech platforms in India are leveraging technology and data to provide lending services to small farmers, boosting agriculture-sector loans to record levels. For example, StarAgri is providing input financing, offering smaller-ticket loans to marginal farmers for purchasing raw materials. The company plans to digitally map farms to analyze cash flows and predict crop outcomes. Other agri-fintech startups such as Ergos Business Solutions, Aryatech Platforms, Samunnati Financial, and FarMart Service are also lending across the value chain. However, lending to small farmers remains challenging in terms of loan recovery. Data mapping using satellite data is expected to be a game-changer in agri-lending.

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